The IHS Markit Services PMI for Spain fell to 53.1 in April of 2019 from a 13-month high of 56.8 in the previous month and below market expectations of 55.4. The reading pointed to the slowest expansion in the services sector since September of 2018, as political uncertainty let to some projects being put on hold. New orders went up at a slower pace and new export orders increased only marginally. Meanwhile job creation growth rose to its highest since July of 2018 and backlogs of work increased modestly. On the price front, input price inflation advanced mainly due to higher employment costs and output price inflation was the weakest in 2019 so far. Finally, business confidence slumped to its lowest level since mid-2013. 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 -3.80 -2.40 8.50 -39.00 Index Points [+]
Services PMI 53.10 56.80 60.30 36.80 Index Points [+]
Manufacturing PMI 51.80 50.90 56.10 41.10 [+]
Industrial Production -3.10 -0.20 13.60 -21.80 percent [+]
Industrial Production Mom -1.20 -1.00 9.30 -12.00 percent [+]
Manufacturing Production 0.60 1.50 13.70 -22.90 percent [+]
Capacity Utilization 80.50 80.59 90.00 68.86 percent [+]
Changes in Inventories 2132.00 2289.00 2289.00 -3402.00 EUR Million [+]
Bankruptcies 1648.00 1489.00 2854.00 11.00 Companies [+]
Total Vehicle Sales 119417.00 122664.00 177375.00 23090.00 [+]
Car Production 2067.00 1982.00 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 -17.20 -13.70 21.00 -44.90 percent [+]
Steel Production 1371.00 1135.00 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 22160.00 21836.00 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 2.00 5.10 25.50 -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 May of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
53.10 56.80 60.30 36.80 2011 - 2019 Index Points Monthly




Country Last Previous
Australia 46.50 Apr/19
Brazil 49.90 Apr/19
China 54.50 Apr/19
Euro Area 52.50 May/19
France 51.70 May/19
Germany 55.00 May/19
India 51.00 Apr/19
Italy 50.40 Apr/19
Japan 51.80 Apr/19
Russia 52.60 Apr/19
Spain 53.10 Apr/19
United Kingdom 50.40 Apr/19
United States 50.90 May/19


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