The S&P Global Spain Composite PMI posted 55.7 in May of 2022, unchanged from the previous month and indicating strong growth for the fourth month in a row. The overall expansion in the country's private sector was driven by services (PMI at 56.5 vs 57.1 in April) and, to a lesser extent, manufacturing (PMI at 53.8 vs 53.3) as global market instability, supply-side challenges and inflation continued to weigh more heavily on the demand for goods than services. source: Markit Economics

Composite Pmi in Spain averaged 50.88 points from 2018 until 2022, reaching an all time high of 62.40 points in June of 2021 and a record low of 9.20 points in April of 2020. This page provides - Spain Composite PMI- actual values, historical data, forecast, chart, statistics, economic calendar and news. Spain Composite PMI - data, historical chart, forecasts and calendar of releases - was last updated on July of 2022.

Composite Pmi in Spain is expected to be 54.40 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Spain Composite PMI is projected to trend around 54.50 points in 2023, according to our econometric models.

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Spain Composite PMI



Related Last Previous Unit Reference
Manufacturing PMI 52.60 53.80 points Jun 2022
Services PMI 56.50 57.10 points May 2022
Composite Pmi 55.70 55.70 points May 2022

Spain Composite PMI
The Composite Output Index is a weighted average of the Manufacturing Output Index and the Services Business Activity Index. The weights reflect the relative size of the manufacturing and service sectors according to official GDP data. The Composite Output Index may be referred to as the ‘Composite PMI’ but is not comparable with the headline manufacturing PMI figure.
Actual Previous Highest Lowest Dates Unit Frequency
55.70 55.70 62.40 9.20 2018 - 2022 points Monthly

News Stream
Spain Private Sector Growth Remains Strong
The S&P Global Spain Composite PMI posted 55.7 in May of 2022, unchanged from the previous month and indicating strong growth for the fourth month in a row. The overall expansion in the country's private sector was driven by services (PMI at 56.5 vs 57.1 in April) and, to a lesser extent, manufacturing (PMI at 53.8 vs 53.3) as global market instability, supply-side challenges and inflation continued to weigh more heavily on the demand for goods than services.
2022-06-03
Spain Private Sector Growth Quickens in April
The S&P Global Spain Composite PMI posted 55.7 in April of 2022, up from 53.1 in March and indicating growth for the third month in a row. Services activity rose to its strongest degree in five months (PMI at 57.1 vs 53.4 in March) while manufacturing output grew the least in 15 months, amid market instabilities due to the war in Ukraine and general supply-side constraints. At the same time, employment growth was sustained and confidence about the future rebounded. Meanwhile, price pressures both for inputs and outputs remained high across the private sector economy.
2022-05-04
Spain Private Sector Growth Softens During March
The S&P Global Spain Composite PMI posted 53.1 in March of 2022, down from 56.5 in February amid a slowdown in growth of both the manufacturing (PMI at 54.2 vs 56.9 in February) and service sectors (PMI at 53.4 vs 56.6 in February). Supply-side constraints, price pressures and the uncertainty created by the war in Ukraine all served to constrain output gains. Cost inflation remained elevated, with accelerated price increases across both sectors contributing to the highest ever recorded rise in private sector operating expenses. Similarly, output price inflation moved higher to a new record. Finally, confidence about the future sank to its lowest in nearly a year-and-a-half, although firms retained a sufficient degree of optimism to hire additional staff and extend the current sequence of expansion to 12 months.
2022-04-05