The S&P Global Spain Composite PMI dropped to 50.5 in August 2022 from 52.7 in July. It was the lowest reading since January, with the manufacturing and services sectors narrowly escaping the contraction territory. A drop in new work was seen across both sectors for the first time since the start of 2021, while backlogs of work were reduced for a second straight month. On the price front, both input and output costs have eased to their lowest level since September 2021. source: Markit Economics

Composite PMI in Spain averaged 50.96 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 October of 2022.

Composite PMI in Spain is expected to be 49.30 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 51.00 points in 2023, according to our econometric models.

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Spain Composite PMI



Related Last Previous Unit Reference
Manufacturing PMI 49.00 49.90 points Sep 2022
Services PMI 50.60 53.80 points Aug 2022
Composite PMI 50.50 52.70 points Aug 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
50.50 52.70 62.40 9.20 2018 - 2022 points Monthly

News Stream
Spain Private Sector Growth at 7-Month Low
The S&P Global Spain Composite PMI dropped to 50.5 in August 2022 from 52.7 in July. It was the lowest reading since January, with the manufacturing and services sectors narrowly escaping the contraction territory. A drop in new work was seen across both sectors for the first time since the start of 2021, while backlogs of work were reduced for a second straight month. On the price front, both input and output costs have eased to their lowest level since September 2021.
2022-09-05
Spain Private Sector Growth at 6-Month Low
The S&P Global Spain Composite PMI dropped to 52.7 in July of 2022 from 53.6 in June, the weakest in half-a-year of expansion mainly due to a drop in manufacturing output for the first time in 18 months. Levels of incoming new business to the private sector were little changed. Modest growth in the service sector just about offset the sharpest contraction of manufacturing new orders for over two years. Firms were subsequently able to mark a small reduction to their backlogs of work for the first time since February 2021, although an expansion of private sector staffing levels also helped in this regard. Cost pressures remained elevated, although rates of inflation softened across both sectors and at the composite level were the lowest since October 2021. Charges also rose at a strong, but nonetheless, slower pace. Confidence about the future slumped to its lowest level since May 2020 amid growing concerns over inflation and the wider economic and geopolitical environment.
2022-08-03
Spain Private Sector Growth Slows to 3-Month Low
The S&P Global Spain Composite PMI dropped to 53.6 in June of 2022, from 55.7 in May, its weakest expansion for three months. Slower growth reflected softening demand, especially amongst manufacturers, where a fall in new orders was recorded for the third time in the past four months. Overall composite foreign sales were down marginally amid reports that high inflation was eroding purchasing power. On the inflation front, there was a broadly sideways movement in the overall rate of increase in operating costs. Concurrently slower inflation of average output charges across manufacturing and services meant the composite reading sank to a five-month low. Finally, confidence about the future hit the lowest for three months during June as worries about inflation mounted. Nonetheless, firms took on additional staff again, extending the run of composite growth to 15 months.
2022-07-05