The HCOB Spain Composite PMI soared to 56.8 in December 2024, up from 53.2 in November, and pointing to the strongest growth in private sector activity since March 2023. The services sector rose at a robust pace (57.3 vs 53.1) and manufacturing activity expanded slightly more (53.3 vs 53.1). Volumes of incoming new business similarly rose at an accelerated pace and this encouraged a further round of employment growth. Latest data showed that staffing levels rose at similarly solid rates across the private sector, though growth was insufficient to prevent a further rise in work outstanding (the strongest upturn since October 2021). Finally, survey data indicated concurrent and accelerated increases in both input prices and output charges during December to five- and six-month highs respectively. source: S&P Global

Composite PMI in Spain increased to 56.80 points in December from 53.20 points in November of 2024. Composite PMI in Spain averaged 51.67 points from 2018 until 2024, 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.

Composite PMI in Spain increased to 56.80 points in December from 53.20 points in November of 2024. Composite PMI in Spain is expected to be 53.00 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations.




Related Last Previous Unit Reference
Bankruptcies 2153.00 1391.00 Companies Oct 2024
Business Confidence -4.60 -5.10 points Dec 2024
Capacity Utilization 77.50 77.90 percent Dec 2024
Car Production 1746.10 1829.10 Hundred Units Nov 2024
Car Registrations 83339.00 83472.00 Units Nov 2024
Cement Production 1630.00 1590.00 Thousands of Tonnes Nov 2024
Changes in Inventories 2897.00 3729.00 EUR Million Jun 2024
Composite Leading Indicator 100.24 100.03 points Nov 2024
Corruption Index 60.00 60.00 Points Dec 2023
Corruption Rank 36.00 35.00 Dec 2023
Electricity Price 87.40 0.44 EUR/MWh Jan 2025
Electricity Production 21601.09 21610.83 Gigawatt-hour Oct 2024
Industrial Production YoY 1.90 1.10 percent Oct 2024
Industrial Production Mom 0.50 0.60 percent Oct 2024
Manufacturing Production 1.70 1.20 percent Oct 2024
Mining Production 3.00 -0.40 percent Oct 2024
Natural Gas Stocks Capacity 35.83 35.83 TWh Jan 2025
Natural Gas Stocks Injection 0.00 22.12 GWh/d Jan 2025
Natural Gas Stocks Inventory 28.63 28.98 TWh Jan 2025
Natural Gas Stocks Withdrawal 103.20 21.60 GWh/d Jan 2025
New Orders -9.80 -16.80 points Nov 2024
New Passenger Car Registrations YoY 6.40 7.20 percent Nov 2024
New Car Sales YoY 83339.00 83472.00 Units Nov 2024

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. This is only a limited sample of PMI headline data displayed on the Customer’s service, under licence from S&P Global. Full historic PMI headline data and all other PMI sub-index data and histories are available on subscription from S&P Global. Contact economics@spglobal.com for more details.


News Stream
Spain Composite PMI Highest Since March 2023
The HCOB Spain Composite PMI soared to 56.8 in December 2024, up from 53.2 in November, and pointing to the strongest growth in private sector activity since March 2023. The services sector rose at a robust pace (57.3 vs 53.1) and manufacturing activity expanded slightly more (53.3 vs 53.1). Volumes of incoming new business similarly rose at an accelerated pace and this encouraged a further round of employment growth. Latest data showed that staffing levels rose at similarly solid rates across the private sector, though growth was insufficient to prevent a further rise in work outstanding (the strongest upturn since October 2021). Finally, survey data indicated concurrent and accelerated increases in both input prices and output charges during December to five- and six-month highs respectively.
2025-01-06
Spain Private Sector Growth at 10-Month Low
The HCOB Spain Composite PMI fell to 53.2 in November 2024, the lowest in ten months, from 55.2 in October, as the adverse impact of flooding in some regions limited the pace of expansion. Both the manufacturing (PMI at 53.1) and service (PMI at 53.1) sectors registered slower gains in output. Similar trends were seen for new business, with overall growth slipping to a three-month low. Companies nonetheless continued to take on additional staff to a considerable degree, largely to help with current workloads. Backlogs of work nonetheless rose again. Confidence in the outlook remained positive, though dropped to a three-month low. Input price inflation was unchanged at a high level, but output charges rose only modestly.
2024-12-04
Spain Composite PMI Edges Down
The HCOB Spain Composite PMI fell to 55.2 in October 2024 from a four-month high of 56.3 in September, pointing to a robust albeit slowing private sector growth. Manufacturing rose at the steepest pace since February 2022 (54.5 vs 53), while service sector growth softened (54.9 vs 57). New business growth remained marked meanwhile and encouraged further hiring activity. The degree to which employment rose was strong and the steepest since April 2023. Backlogs of work nonetheless increased again. On the price front, input price inflation picked up, largely due to steep increases in service sector wages. Output price inflation also accelerated during October. That was despite a modest reduction in manufacturing output charges.
2024-11-06