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.