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2026-05-06 15:22
- The S&P Global Spain Composite PMI recorded 48.7 in April, down from 52.4 last month.
- The decline in activity was, however, driven by the services economy as manufacturing output rose solidly.
- The S&P Global Spain Manufacturing PMI rose to 51.7 in April 2026 from 48.7 in March, surpassing market forecasts of 49.5.
- The service sector falls into contraction territory as uncertainty weighs on demand.
- “Unlike the somewhat surprisingly decent manufacturing sector performance—although admittedly here growth was driven by client stockpiling as part of efforts to secure goods on fears of product shortages and supply disruption—the downbeat April PMI figures for services were somewhat less unexpected in the context of the knock to confidence that the war in the Middle East has caused,” said Paul Smith, economics director at S&P Global Market Intelligence.
More on Spain
- EWP: Expect A Slow Tourism Season Amid Surging Fuel Costs And Weak Consumer Sentiments
- EWP: Spain Steadies Itself After A March Correction, Low-Teens P/E
- EUFN: A Maturing Rally With Room To Run
- Spain's service sector growth sustained in March
- Spain shuts airspace for U.S. planes involved in Iran attacks
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