The S&P Global Spain Composite PMI rose to 49.9 in December 2022 from 49.6 in the previous month, pointing to a stabilization in the country's private sector after three months of contraction. Modest growth of service sector activity in December was outweighed by an ongoing contraction of manufacturing output, which once again fell at a historically elevated rate. New business also declined, while employment rose slightly. On the price front, both sectors saw input price inflation fall, though services registered the much sharper rise overall. Similar and slower rates of output price inflation were recorded across both sectors. source: Markit Economics

Composite PMI in Spain averaged 50.82 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 February of 2023.

Composite PMI in Spain is expected to be 49.80 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 51.00 points in 2024, according to our econometric models.

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Spain Composite PMI



Related Last Previous Unit Reference
Manufacturing PMI 48.40 46.40 points Jan 2023
Services PMI 51.60 51.20 points Dec 2022
Composite PMI 49.90 49.60 points Dec 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
49.90 49.60 62.40 9.20 2018 - 2022 points Monthly

News Stream
Spain Private Sector Stabilizes in December
The S&P Global Spain Composite PMI rose to 49.9 in December 2022 from 49.6 in the previous month, pointing to a stabilization in the country's private sector after three months of contraction. Modest growth of service sector activity in December was outweighed by an ongoing contraction of manufacturing output, which once again fell at a historically elevated rate. New business also declined, while employment rose slightly. On the price front, both sectors saw input price inflation fall, though services registered the much sharper rise overall. Similar and slower rates of output price inflation were recorded across both sectors.
2023-01-04
Spain Private Sector Contracts for 3rd Month
The S&P Global Spain Composite PMI was up to 49.6 in November 2022 from 48.0 in the previous month, signaling a third month of contraction in private sector activity. A sharp decline in output and new orders in manufacturing was partially offset by growth in activity and new business in services. Meanwhile, employment was little changed overall, while business confidence remained historically subdued but did improve in November to reach a five-month high. On the price front, input price inflation fell noticeably in manufacturing but remained elevated in services. Both sectors experienced strong rates of charge inflation.
2022-12-05
Spain Private Sector Shrinks the Most in 8 Months
The S&P Global Spain Composite PMI fell to 48 in October of 2022 from 48.4 in September, pointing to the second straight contraction in the country's private sector and at the quickest rate since January. Manufacturing activity (PMI 44.7 vs 49 in September) contributed the most to the overall decline, although the services sector (PMI at 49.7 vs 48.5) also registered a downturn in activity. Private sector employment declined for a second month in a row, amid softening demand and output requirements. In terms of prices, both input cost and output charge inflation edged slightly lower. Lastly, confidence in the future remained historically subdued.
2022-11-04