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S&P Global Manufacturing PMI

The Purchasing Managers Index (PMI) Manufacturing released by Markit Economics captures business conditions in the manufacturing sector. As the manufacturing 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.

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Most recent - Monday 1 September 2025 07:15

51.9

Forecast

Actual

54.3

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

Trading range

Forecast history

The most recent announced value for S&P Global Manufacturing PMI was 54.3 against a forecast of 52.

Past events

Date

Forecast

Actual

Monday 1 September 2025 07:15

54.3

Friday 1 August 2025 07:15

51.5

51.9

Tuesday 1 July 2025 07:15

50.5

51.4

Monday 2 June 2025 07:15

48.4

50.5

Friday 2 May 2025 07:15

Tuesday 1 April 2025 07:15

Monday 3 March 2025 08:15

Monday 3 February 2025 08:15

Thursday 2 January 2025 08:15

53.5

Monday 2 December 2024 08:15

Monday 4 November 2024 08:15

53.1

Tuesday 1 October 2024 07:15

Monday 2 September 2024 07:15

52.1

Thursday 1 August 2024 07:15

52.5

Monday 1 July 2024 07:15

53.5

Monday 3 June 2024 07:15

52.5

Thursday 2 May 2024 07:15

50.8

Tuesday 2 April 2024 07:15

Friday 1 March 2024 08:15

Thursday 1 February 2024 08:15

Tuesday 2 January 2024 08:15

Friday 1 December 2023 08:15

45.5

Thursday 2 November 2023 08:15

Monday 2 October 2023 07:15

46.5

Friday 1 September 2023 07:15

48.8

Tuesday 1 August 2023 07:15

48.3

Monday 3 July 2023 07:15

Thursday 1 June 2023 07:15

47.8

Tuesday 2 May 2023 07:15

Monday 3 April 2023 07:15

50.3

Wednesday 1 March 2023 08:15

49.1

Wednesday 1 February 2023 08:15

Monday 2 January 2023 08:15

46.2

Thursday 1 December 2022 08:15

45.6

Wednesday 2 November 2022 08:15

47.5

Monday 3 October 2022 07:15

49.3

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 Manufacturing PMI result:

		Previous	Latest
10-y Bond Auction	Bullish change	2.77%	2.25%
Sentix Investor Confidence	Bearish change	-3.7	-9.2
Industrial Production n.s.a. w.d.a. (YoY)	Bullish change	-1.8%	1.5%
Industrial Production s.a. (MoM)	Bullish change	-0.1%	1.3%
Trade Balance s.a.	Bearish change	€15.4B	€14.7B
Employment Change (QoQ)	(no change)	0.1%	0.1%
Gross Domestic Product s.a. (QoQ)	(no change)	0.1%	0.1%
Gross Domestic Product s.a. (YoY)	Bullish change	1.4%	1.5%
Factory Orders n.s.a. (YoY)	Bearish change	1.7%	-3.4%
Factory Orders s.a. (MoM)	Bearish change	-0.2%	-2.9%
Retail Sales (MoM)	Bearish change	0.6%	-0.5%
Retail Sales (YoY)	Bearish change	3.5%	2.2%
10-y Bond Auction	Bearish change	2.69%	2.77%
Producer Price Index (MoM)	Bearish change	0.8%	0.4%
Producer Price Index (YoY)	Bearish change	0.6%	0.2%
HCOB Composite PMI	Bearish change	51.1	51
HCOB Composite PMI	Bearish change	50.9	50.5
HCOB Services PMI	Bearish change	50.1	49.3
HCOB Services PMI	Bearish change	55.1	53.2
Core Harmonized Index of Consumer Prices (MoM)	Bullish change	-0.2%	0.3%
Core Harmonized Index of Consumer Prices (YoY)	(no change)	2.3%	2.3%
Harmonized Index of Consumer Prices (MoM)	Bullish change	0%	0.2%
Harmonized Index of Consumer Prices (YoY)	Bullish change	2%	2.1%
Unemployment Rate	Bullish change	6.3%	6.2%
HCOB Manufacturing PMI	Bearish change	49.9	49.8
HCOB Manufacturing PMI	Bullish change	49.8	50.4
Consumer Price Index (MoM)	Bearish change	0.3%	0.1%
Consumer Price Index (YoY)	Bullish change	2%	2.2%
Harmonized Index of Consumer Prices (MoM)	Bearish change	0.4%	0.1%
Harmonized Index of Consumer Prices (YoY)	Bullish change	1.8%	2.1%
Consumer Price Index (EU Norm) (YoY)	(no change)	1.7%	1.7%
Consumer Price Index (YoY)	Bearish change	1.7%	1.6%
Gross Domestic Product (QoQ)	(no change)	-0.1%	-0.1%
Gross Domestic Product (YoY)	(no change)	0.4%	0.4%
Unemployment Change	Bullish change	2K	-9K
Unemployment Rate s.a.	(no change)	6.3%	6.3%
Harmonized Index of Consumer Prices (YoY)	(no change)	2.7%	2.7%
Consumer Price Index (EU norm) (YoY)	Bearish change	0.9%	0.8%
Retail Sales (MoM)	Bearish change	1%	-1.5%
Retail Sales (YoY)	Bearish change	4.9%	1.9%
Consumer Confidence	(no change)	-15.5	-15.5
Economic Sentiment Indicator	Bearish change	95.7	95.2
Business Climate	Bearish change	-0.71	-0.72

About S&P Global Manufacturing PMI

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

Related events

	Australia		Gross Domestic Product (QoQ)
	Canada		Gross Domestic Product Annualized
	Switzerland		Gross Domestic Product s.a. (QoQ)
	China		Non-Manufacturing PMI
	China		Gross Domestic Product (YoY)
	China		Gross Domestic Product (QoQ)
	China		Industrial Production (YoY)
	China		Caixin Services PMI
	China		NBS Manufacturing PMI
	China		Caixin Manufacturing PMI
	Germany		Gross Domestic Product (QoQ)
	Germany		Gross Domestic Product (YoY)
	Eurozone		Gross Domestic Product s.a. (YoY)
	Eurozone		Gross Domestic Product s.a. (QoQ)
	Japan		Gross Domestic Product (QoQ)
	Japan		Tankan Large Manufacturing Index
	New Zealand		Gross Domestic Product (YoY)
	New Zealand		Gross Domestic Product (QoQ)
	United Kingdom		Gross Domestic Product (YoY)
	United Kingdom		Gross Domestic Product (QoQ)
	United States		ISM Manufacturing PMI
	United States		Gross Domestic Product Annualized
	United States		ISM Services PMI
	Australia		Private Capital Expenditure
	Australia		National Australia Bank's Business Confidence (QoQ)
	Australia		S&P Global Services PMI
	Australia		S&P Global Composite PMI
	Australia		AiG Industry Index
	Australia		Gross Domestic Product (YoY)
	Canada		Bank of Canada Business Outlook Survey
	Canada		Gross Domestic Product (MoM)
	Canada		Ivey Purchasing Managers Index
	Canada		Ivey Purchasing Managers Index s.a
	Canada		Gross Domestic Product (QoQ)
	Canada		S&P Global Manufacturing PMI
	Switzerland		Industrial Production (YoY)
	Switzerland		Gross Domestic Product (YoY)
	Switzerland		ZEW Survey – Expectations
	Germany		ZEW Survey – Economic Sentiment
	Germany		IFO – Current Assessment
	Germany		Factory Orders n.s.a. (YoY)
	Germany		S&P Global/BME Manufacturing PMI
	Germany		IFO – Expectations
	Germany		S&P Global/BME Composite PMI
	Germany		ZEW Survey – Current Situation
	Germany		IFO – Business Climate
	Germany		Industrial Production n.s.a. w.d.a. (YoY)
	Germany		S&P Global/BME Services PMI
	Germany		Gross Domestic Product w.d.a (YoY)
	Germany		Factory Orders s.a. (MoM)
	Germany		Industrial Production s.a. (MoM)
	Eurozone		Sentix Investor Confidence
	Eurozone		ZEW Survey – Economic Sentiment
	Eurozone		S&P Global Composite PMI
	Eurozone		Economic Sentiment Indicator
	Eurozone		Industrial Production s.a. (MoM)
	Eurozone		Business Climate
	Spain		S&P Global Services PMI
	Spain		Gross Domestic Product - Estimated (QoQ)
	Spain		Gross Domestic Product (QoQ)
	France		Gross Domestic Product (QoQ)
	India		HSBC Services PMI
	India		Gross Domestic Product Quarterly (YoY)
	India		HSBC Manufacturing PMI
	India		HSBC Composite PMI
	Italy		Gross Domestic Product (YoY)
	Italy		S&P Global Manufacturing PMI
	Italy		Gross Domestic Product (QoQ)
	Japan		Tankan Large All Industry Capex
	Japan		Tankan Large Manufacturing Outlook
	Japan		Gross Domestic Product Annualized
	Japan		Gross Domestic Product Deflator (YoY)
	South Korea		Gross Domestic Product Growth (QoQ)
	New Zealand		Business NZ PMI
	New Zealand		Business NZ PSI
	New Zealand		NZIER Business Confidence (QoQ)
	United Kingdom		Manufacturing Production (MoM)
	United Kingdom		Manufacturing Production (YoY)
	United Kingdom		Gross Domestic Product (MoM)
	United Kingdom		Industrial Production (MoM)
	United States		Durable Goods Orders ex Defense
	United States		Industrial Production (MoM)
	United States		Factory Orders (MoM)
	United States		Nondefense Capital Goods Orders ex Aircraft
	United States		ISM Services New Orders Index
	United States		ISM Manufacturing New Orders Index
	United States		Philadelphia Fed Manufacturing Survey
	United States		S&P Global Composite PMI
	United States		NY Empire State Manufacturing Index
	United States		Chicago Purchasing Managers' Index
	United States		Durable Goods Orders ex Transportation
	United States		Gross Domestic Product Price Index
	United States		Durable Goods Orders

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