The IHS Markit Services PMI for Spain rose to 56.8 in March of 2019 from 54.5 in February, beating market expectations of 55. The reading pointed to the fastest expansion in the services sector in 13 months as strong domestic demand conditions helped to drive new work higher and another notable increase in employment boosted capacity and allowed firms to keep on top of workloads. Also, input price inflation remained elevated despite moderating to an 18-month low mainly due to higher employment costs. On the other hand, new export orders fell amid ongoing economic and political uncertainties, namely Brexit. Finally, business confidence rose to the highest in nine months. Services PMI in Spain is reported by Markit Economics.

Services PMI in Spain is expected to be 51.00 Index Points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Services PMI in Spain to stand at 52.00 in 12 months time. In the long-term, the Spain Services PMI is projected to trend around 54.40 Index Points in 2020, according to our econometric models.

Spain Services PMI
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Spain Business Last Previous Highest Lowest Unit
Business Confidence -2.30 -4.70 8.50 -39.00 Index Points [+]
Services PMI 56.80 54.50 60.30 36.80 Index Points [+]
Manufacturing PMI 50.90 49.90 56.10 41.10 [+]
Industrial Production -0.30 2.70 13.60 -21.70 percent [+]
Industrial Production Mom -1.10 3.60 9.30 -12.00 percent [+]
Manufacturing Production 1.20 0.80 13.70 -22.90 percent [+]
Capacity Utilization 80.59 78.50 90.00 68.86 percent [+]
Changes in Inventories 2289.00 2175.00 2289.00 -3402.00 EUR Million [+]
Bankruptcies 1489.00 1079.00 2854.00 11.00 Companies [+]
Total Vehicle Sales 122664.00 100701.00 177375.00 23090.00 [+]
Car Production 1982.00 1823.00 2504.00 139.00 Hundred Units [+]
Car Registrations 112881.00 108050.00 153732.00 3103.00 [+]
Internet Speed 15487.07 15362.73 15487.07 2354.24 KBps [+]
IP Addresses 14575619.00 13803828.00 14855454.00 7640009.00 IP [+]
Mining Production -13.70 -7.00 21.00 -44.90 percent [+]
Steel Production 1135.00 1180.00 1980.00 555.00 Thousand Tonnes [+]
Competitiveness Index 74.20 73.75 74.20 4.49 Points [+]
Competitiveness Rank 26.00 25.00 42.00 25.00 [+]
Ease of Doing Business 30.00 28.00 62.00 28.00 [+]
Electricity Production 21836.00 26087.00 27405.00 20466.00 Gigawatt-hour [+]
Corruption Index 58.00 57.00 71.00 43.10 Points [+]
Corruption Rank 41.00 42.00 42.00 20.00 [+]
Factory Orders -0.70 -2.60 25.40 -33.70 percent [+]


Spain Services PMI

The Markit Spain Services PMI (Purchasing Managers' Index) is based on data compiled from a representative panel of over 300 companies based in the Spanish service sector. The index tracks variables such as sales, employment, inventories and prices. A reading above 50 indicates that the services sector is generally expanding; below 50 indicates that it is generally declining. This page provides the latest reported value for - Spain Services PMI - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Spain Services PMI - actual data, historical chart and calendar of releases - was last updated on April of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
56.80 54.50 60.30 36.80 2011 - 2019 Index Points Monthly




Country Last Previous
Australia 44.80 Mar/19
Brazil 52.70 Mar/19
China 54.40 Mar/19
Euro Area 52.50 Apr/19
France 50.50 Apr/19
Germany 55.60 Apr/19
India 52.00 Mar/19
Italy 53.10 Mar/19
Japan 52.00 Mar/19
Russia 54.40 Mar/19
Spain 56.80 Mar/19
United Kingdom 48.90 Mar/19
United States 52.90 Apr/19


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