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.

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Most recent - Wednesday 5 February 2025 08:15

57.3

Forecast

57.1

Actual

54.9

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

Next event - Wednesday 5 March 2025 08:15

54.9

Forecast

Actual

The typical/expected impact on EUR pairs is medium.

There is no forecast value for S&P Global Services PMI yet - check back for updates.

Trading range

Forecast history

The most recent announced value for S&P Global Services PMI was 54.9 against a forecast of 57.1.

Past events

Date

Forecast

Actual

Wednesday 5 February 2025 08:15

57.1

54.9

Monday 6 January 2025 08:15

54.1

57.3

Wednesday 4 December 2024 08:15

53.8

53.1

Wednesday 6 November 2024 08:15

56.6

54.9

Thursday 3 October 2024 07:15

Wednesday 4 September 2024 07:15

54.5

54.6

Monday 5 August 2024 07:15

56.2

53.9

Wednesday 3 July 2024 07:15

56.4

56.8

Wednesday 5 June 2024 07:15

56.9

Monday 6 May 2024 07:15

56.2

Thursday 4 April 2024 07:15

55.5

56.1

Tuesday 5 March 2024 08:15

53.5

54.7

Monday 5 February 2024 08:15

52.1

Thursday 4 January 2024 08:15

51.2

51.5

Tuesday 5 December 2023 08:15

51.5

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

53.8

Tuesday 5 July 2022 07:15

53.5

Friday 3 June 2022 07:15

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

Economic context

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

		Previous	Latest
Consumer Price Index (MoM)	Bullish change	-0.2%	0.4%
Consumer Price Index (YoY)	(no change)	2.3%	2.3%
Harmonized Index of Consumer Prices (MoM)	Bullish change	-0.2%	0.6%
Harmonized Index of Consumer Prices (YoY)	(no change)	2.8%	2.8%
Consumer Price Index (EU Norm) (YoY)	(no change)	1.7%	1.7%
Consumer Price Index (YoY)	Bullish change	1.5%	1.7%
Unemployment Change	Bullish change	11K	5K
Unemployment Rate s.a.	(no change)	6.2%	6.2%
Consumer Price Index (EU norm) (YoY)	Bearish change	1.8%	0.9%
Retail Sales (MoM)	Bullish change	-1.6%	0.2%
Retail Sales (YoY)	Bullish change	1.8%	2.9%
Business Climate	Bullish change	-0.92	-0.74
Consumer Confidence	(no change)	-13.6	-13.6
Economic Sentiment Indicator	Bullish change	95.3	96.3
Harmonized Index of Consumer Prices (YoY)	(no change)	2.9%	2.9%
GfK Consumer Confidence Survey	Bearish change	-22.4	-24.7
Gross Domestic Product (QoQ)	(no change)	-0.2%	-0.2%
Gross Domestic Product (YoY)	(no change)	-0.2%	-0.2%
Gross Domestic Product w.d.a (YoY)	(no change)	-0.4%	-0.4%
Core Harmonized Index of Consumer Prices (MoM)	Bullish change	-1%	-0.9%
Core Harmonized Index of Consumer Prices (YoY)	(no change)	2.7%	2.7%
Harmonized Index of Consumer Prices (MoM)	(no change)	-0.3%	-0.3%
IFO – Business Climate	(no change)	85.2	85.2
IFO – Current Assessment	Bearish change	86	85
IFO – Expectations	Bullish change	84.3	85.4
HCOB Composite PMI	(no change)	50.2	50.2
HCOB Manufacturing PMI	Bullish change	46.6	47.3
HCOB Services PMI	Bearish change	51.3	50.7
Consumer Price Index (EU Norm) (YoY)	(no change)	1.7%	1.7%
Consumer Price Index (YoY)	(no change)	1.5%	1.5%
HCOB Composite PMI	Bullish change	50.5	51
HCOB Manufacturing PMI	Bullish change	45	46.1
HCOB Services PMI	Bearish change	52.5	52.2
HCOB Composite PMI	Bearish change	47.6	44.5
HCOB Manufacturing PMI	Bullish change	45	45.5
HCOB Services PMI	Bearish change	48.2	44.5
Consumer Confidence	Bullish change	-14.2	-13.6
Producer Price Index (MoM)	(no change)	-0.1%	-0.1%
Producer Price Index (YoY)	Bearish change	0.8%	0.5%
ZEW Survey – Current Situation	Bullish change	-90.4	-88.5
ZEW Survey – Economic Sentiment	Bullish change	10.3	26
ZEW Survey – Economic Sentiment	Bullish change	18	24.2
Consumer Price Index (EU norm) (YoY)	(no change)	1.8%	1.8%

About S&P Global Services PMI

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

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	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
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	Germany		S&P Global/BME Manufacturing PMI
	Germany		S&P Global/BME Composite PMI
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	Eurozone		Gross Domestic Product s.a. (QoQ)
	Eurozone		S&P Global Composite PMI
	Eurozone		S&P Global Manufacturing PMI
	Eurozone		S&P Global Services PMI
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	New Zealand		Gross Domestic Product (YoY)
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	United Kingdom		S&P Global/CIPS Services PMI
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	United Kingdom		S&P Global/CIPS Manufacturing PMI
	United States		ISM Manufacturing PMI
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	United States		S&P Global Services PMI
	United States		Gross Domestic Product Annualized
	United States		ISM Services PMI
	Australia		Private Capital Expenditure
	Australia		S&P Global Manufacturing PMI
	Australia		National Australia Bank's Business Confidence (QoQ)
	Australia		S&P Global Services PMI
	Australia		S&P Global Composite PMI
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	Australia		Gross Domestic Product (YoY)
	Canada		Bank of Canada Business Outlook Survey
	Canada		Gross Domestic Product (MoM)
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	Canada		Ivey Purchasing Managers Index s.a
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	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		Gross Domestic Product (QoQ)
	Germany		IFO – Expectations
	Germany		ZEW Survey – Current Situation
	Germany		IFO – Business Climate
	Germany		Industrial Production n.s.a. w.d.a. (YoY)
	Germany		Gross Domestic Product w.d.a (YoY)
	Germany		Gross Domestic Product (YoY)
	Germany		Factory Orders s.a. (MoM)
	Germany		Industrial Production s.a. (MoM)
	Eurozone		Sentix Investor Confidence
	Eurozone		ZEW Survey – Economic Sentiment
	Eurozone		Economic Sentiment Indicator
	Eurozone		Industrial Production s.a. (MoM)
	Eurozone		Business Climate
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	Spain		Gross Domestic Product - Estimated (QoQ)
	Spain		S&P Global Manufacturing PMI
	Spain		Gross Domestic Product (QoQ)
	France		S&P Global Manufacturing PMI
	France		S&P Global Composite PMI
	France		S&P Global Services PMI
	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)
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Calendar - S&P Global Services PMI - Spain

S&P Global Services PMI

Most recent - Wednesday 5 February 2025 08:15

Next event - Wednesday 5 March 2025 08:15

Trading range

Trading range after each S&P Global Services PMI event

Forecast history

Past events

Economic context

About S&P Global Services PMI

Related events