The IHS Markit Spain Composite PMI dropped to 57 in September of 2021 from 60.6 in the previous month, signaling the slowest growth in the private sector since April. Growth rates were slower in both the manufacturing and service sectors, amid reports that supply-side constraints were weighing on output capabilities. Employment continued to increase, although growth eased to a modest level. On the price front, overall input price inflation accelerated to its highest ever recorded level, amid reports of higher costs of utilities, fuel, transportation, and key material inputs. Meanwhile, confidence about the future strengthened to a three-month high as firms eyed an end to the pandemic and the associated negative impacts on economic activity. source: Markit Economics

Composite Pmi in Spain averaged 50.10 points from 2018 until 2021, 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 October of 2021.

Composite Pmi in Spain is expected to be 54.80 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 55.00 points in 2022 and 54.50 points in 2023, according to our econometric models.

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Spain Composite PMI


News Stream
Spain Private Sector Growth Eases Further
The IHS Markit Spain Composite PMI dropped to 57 in September of 2021 from 60.6 in the previous month, signaling the slowest growth in the private sector since April. Growth rates were slower in both the manufacturing and service sectors, amid reports that supply-side constraints were weighing on output capabilities. Employment continued to increase, although growth eased to a modest level. On the price front, overall input price inflation accelerated to its highest ever recorded level, amid reports of higher costs of utilities, fuel, transportation, and key material inputs. Meanwhile, confidence about the future strengthened to a three-month high as firms eyed an end to the pandemic and the associated negative impacts on economic activity.
2021-10-05
Spain Private Sector Growth Eases Slightly
The IHS Markit Spain Composite PMI dropped to 60.6 in August of 2021 from 61.2 in the previous month, easing further from June’s near-record high. Although both sectors’ activity levels advanced at a robust but slower pace, the rate of expansion in the manufacturing sector neared an all-time high in August. Meanwhile, growth picked up in new orders, while new export orders increased for the sixth straight month. Job creation eased over the prior month, despite higher backlogs of work. On the price front, input and output price inflation remained elevated, but down on respective July’s levels. Lastly, businesses were strongly optimistic about the 12-month outlook amid signs of improvement regarding the pandemic.
2021-09-03
Spain Private Sector Growth Eases in July
The IHS Markit Spain Composite PMI declined to 61.2 in July of 2021 from 62.4 in the previous month. Although both sectors recorded slower growth, rates of expansion were again strong with services leading the way for the third month running. Similar trends in new orders were indicated, with composite growth down on June’s recent record but historically very strong nonetheless. Jobs were added at a marked rate, although growth rates were below those seen during June. On the price front, input and output price inflation remained elevated, but down on respective June records. Confidence about the future remained elevated, though eased to a four-month low.
2021-08-04
Spain Private Sector Growth Highest Since Early 2000
The IHS Markit Spain Composite PMI rose to 62.4 in June 2021, from 59.2 in the previous month, signaling the fastest pace of expansion in the private sector since February 2000. Growth rates were similarly sharp across both the manufacturing and service sectors. New business volumes increased sharply and the pace of job creation was the strongest since the start of 2007, while backlogs of work rose at a record pace. On the price front, there were record increases in both input costs and output charges. Finally, business confidence hit a new all-time high.
2021-07-05

Spain Last Unit Reference Previous Highest Lowest
Services PMI 56.90 points Sep/21 60.10 62.50 7.10
Manufacturing PMI 58.10 points Sep/21 59.50 60.40 30.80
Composite Pmi 57.00 points Sep/21 60.60 62.40 9.20


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.