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S&P Global Services PMI

The Purchasing Managers Index (PMI) Services released by Markit Economics captures business conditions in the services sector. As the services sector dominates a large part of total GDP, this PMI is an important indicator of business conditions and the overall economic condition in Spain. A result above 50 signals bullish sentiment for the Euro, whereas a result below 50 is seen as bearish.

Most recent - Tuesday 5 December 2023 08:15

Previous
51.1
Forecast
51.5
Actual
51

Lower numbers than forecast tend to be bullish for xxx/EUR pairs and bearish for EUR/xxx pairs.

Trading range

Forecast history

The most recent announced value for S&P Global Services PMI was 51 against a forecast of 51.5.

Past events

Date
Forecast
Actual
Tuesday 5 December 2023 08:15
51.5
51
Monday 6 November 2023 08:15
49.5
51.1
Wednesday 4 October 2023 07:15
49.8
50.5
Tuesday 5 September 2023 07:15
51.5
49.3
Thursday 3 August 2023 07:15
53.4
52.8
Wednesday 5 July 2023 07:15
55.5
53.4
Monday 5 June 2023 07:15
58.7
56.7
Thursday 4 May 2023 07:15
59.9
57.9
Wednesday 5 April 2023 07:15
57.5
59.4
Friday 3 March 2023 08:15
54.3
56.7
Friday 3 February 2023 08:15
52.5
52.7
Wednesday 4 January 2023 08:15
50.8
51.6
Monday 5 December 2022 08:15
50.5
51.2
Friday 4 November 2022 08:15
48.3
49.7
Wednesday 5 October 2022 07:15
49.9
48.5
Monday 5 September 2022 07:15
52.9
50.6
Wednesday 3 August 2022 07:15
52
53.8
Tuesday 5 July 2022 07:15
53.5
54
Friday 3 June 2022 07:15
56
56.5
Wednesday 4 May 2022 07:15
55.9
57.1
Tuesday 5 April 2022 07:15
54.2
53.4
Thursday 3 March 2022 08:15
51.6
56.6
Thursday 3 February 2022 08:15
51.5
46.6
Wednesday 5 January 2022 08:15
57.5
55.8
Friday 3 December 2021 08:15
58.8
59.8
Thursday 4 November 2021 08:15
55.8
56.6
Tuesday 5 October 2021 07:15
58
56.9
Friday 3 September 2021 07:15
61.5
60.1
Wednesday 4 August 2021 07:15
63
61.9
Monday 5 July 2021 07:15
60.6
62.5
Thursday 3 June 2021 07:15
58
59.4
Wednesday 5 May 2021 07:15
50
54.6
Wednesday 7 April 2021 07:15
46
48.1
Wednesday 3 March 2021 08:15
43
43.1
Wednesday 3 February 2021 08:15
45.3
41.7
Wednesday 6 January 2021 08:15
45
48

Economic context

Recent economic data has been broadly neutral for EUR. Other recent announcements which may affect the market's interpretation of the next S&P Global Services PMI result:

PreviousLatest
Harmonized Index of Consumer Prices (MoM)(no change)-0.7%-0.7%
Harmonized Index of Consumer Prices (YoY)(no change)2.3%2.3%
Employment Change (QoQ)Bullish change0.1%0.2%
Gross Domestic Product s.a. (QoQ)(no change)-0.1%-0.1%
Gross Domestic Product s.a. (YoY)Bearish change0.1%0%
Industrial Production n.s.a. w.d.a. (YoY)Bullish change-3.6%-3.5%
Industrial Production s.a. (MoM)Bullish change-1.3%-0.4%
Retail Sales (MoM)Bullish change-0.1%0.1%
Retail Sales (YoY)Bullish change-2.9%-1.2%
Factory Orders n.s.a. (YoY)Bearish change-2.1%-7.3%
Factory Orders s.a. (MoM)Bearish change-0.5%-3.7%
Producer Price Index (MoM)Bearish change0.5%0.2%
Producer Price Index (YoY)Bullish change-12.4%-9.4%
HCOB Composite PMIBullish change47.147.6
HCOB Composite PMIBullish change47.147.8
HCOB Services PMIBullish change48.749.6
HCOB Services PMIBullish change47.749.5
Sentix Investor ConfidenceBullish change-18.6-16.8
Trade Balance s.a.Bullish change€16.7B€17.8B
Gross Domestic Product (QoQ)Bullish change0%0.1%
Gross Domestic Product (YoY)Bullish change0%0.1%
HCOB Manufacturing PMIBullish change42.342.6
HCOB Manufacturing PMIBearish change44.944.4
HCOB Manufacturing PMIBullish change45.146.3
Consumer Price Index (EU Norm) (YoY)Bearish change1.8%0.7%
Consumer Price Index (YoY)Bearish change1.7%0.8%
Core Harmonized Index of Consumer Prices (MoM)Bearish change0.2%-0.6%
Core Harmonized Index of Consumer Prices (YoY)Bearish change4.2%3.6%
Harmonized Index of Consumer Prices (MoM)Bearish change0.1%-0.5%
Harmonized Index of Consumer Prices (YoY)Bearish change2.9%2.4%
Unemployment Rate(no change)6.5%6.5%
Unemployment ChangeBullish change30K22K
Unemployment Rate s.a.Bearish change5.8%5.9%
Consumer Price Index (EU norm) (YoY)Bearish change4.5%3.8%
Retail Sales (MoM)Bullish change-0.8%1.1%
Retail Sales (YoY)Bullish change-4.3%-0.1%
Consumer Price Index (MoM)Bearish change0%-0.4%
Consumer Price Index (YoY)Bearish change3.8%3.2%
Harmonized Index of Consumer Prices (MoM)Bearish change-0.2%-0.7%
Harmonized Index of Consumer Prices (YoY)Bearish change3%2.3%
Business ClimateBearish change-0.33-0.39
Consumer Confidence(no change)-16.9-16.9
Economic Sentiment IndicatorBullish change93.593.8
Harmonized Index of Consumer Prices (YoY)Bearish change3.5%3.2%
Gfk Consumer Confidence SurveyBullish change-28.1-27.8

About S&P Global Services PMI

Country:Spain
Currency:EUR
Source:IHS Markit
Category:Economic Activity
Frequency:Monthly

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