The HCOB Spain Services PMI fell to 51.9 in February 2026 from 53.5 in the previous month, the lowest since June and well below expectations of 52.8. New business growth eased, with foreign demand declining for the third time in four months, leaving expansion largely driven by domestic clients. Employment continued to rise, extending the current hiring streak to nearly 3-1/2-years, but job creation was the weakest since September. Some firms chose not to replace departing staff as expectations softened to a 6-month low. Capacity pressures remained limited, with backlogs falling slightly for a third consecutive month. Meanwhile, input prices rose at the fastest rate in a year, reflecting higher supplier charges and wage increases. In response, firms lifted output prices at the sharpest pace since October, marking three straight months of accelerating inflation. Despite expectations of improved activity over the coming year, overall confidence slipped to its lowest level since August. source: S&P Global
Services PMI in Spain decreased to 51.90 points in February from 53.50 points in January of 2026. Services PMI in Spain averaged 52.16 points from 2011 until 2026, reaching an all time high of 62.50 points in June of 2021 and a record low of 7.10 points in April of 2020. 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.
Services PMI in Spain decreased to 51.90 points in February from 53.50 points in January of 2026. Services PMI in Spain is expected to be 54.50 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Spain Services PMI is projected to trend around 53.20 points in 2027 and 52.90 points in 2028, according to our econometric models.