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.