Markit Spain Services Purchasing Managers Index (PMI)

Country:
Spain
EUR, Euro
Source:
Sector:
Business
Medium 52.7 55.3
53.3
Last release Importance Actual Forecast
Previous
51.6
52.7
Next release Actual Forecast
Previous
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Spain's Markit Services Purchasing Managers Index (PMI) is a macroeconomic report, which demonstrates the economic activity in the Spanish service sector based on information received from a monthly survey of purchasing managers from the largest companies. The index is prepared by Markit Economics. The company prepares a report on the service sector on behalf of the Reuters agency. The index calculation implies the evaluation of corresponding characteristics: respondents determine whether the situation has improved, deteriorated or has not changed. The responses are evaluated taking into account the significance of surveyed companies.

Often purchasing managers can track changes in market conditions prior to other company employees, because purchases precede company's production activities. The survey involves managers who can track the above changes. Markit Economics try to cover the country's largest companies in this sampling. A group of 500 firms which most accurately reflect the service sector is selected from all companies. They receive questionnaires on a monthly basis. Answers to questions contained therein are used to compile a report which includes the following data:

  • Business activity
  • New orders
  • Pending orders
  • Prices received for produced services
  • Prices paid (for materials and services purchased in the production process)
  • Employment level
  • Near-term business activity forecast

The Markit Services PMI only includes data about private companies. Respondents provide a relative assessment of the related parameters and determine whether the situation has improved, deteriorated or has not changed. Individual subindexes are calculated based on these answers. These subindexes characterize inflation, employment and other key indicators of economic activity. The index is seasonally adjusted. Readings above 50 indicate the service sector growth and can have a positive effect on euro quotes. Lower values may indicate possible decrease in economic activity. Readings below 42 can be an indication of possible recession. A value higher than expected can be seen as positive for the euro quotes, while a lower value is usually seen as negative.

The service sector PMI is considered one of the most important indicators and thus analysts perform its detailed monitoring. It is also a leading indicator of economic activity in the service sector and of inflation.

Last values:

actual data

forecast

The chart of the entire available history of the "Markit Spain Services Purchasing Managers Index (PMI)" macroeconomic indicator. The dashed line shows the forecast values ​​of the economic indicator for the specified dates.

A significant deviation of a real value from a forecast one may cause a short-term strengthening or weakening of a national currency in the Forex market. The threshold values ​​of the indicators signaling the approach of the critical state of the national (local) economy occupy a special place.

Date (GMT)
Reference
Actual
Forecast
Previous
Oct 2019
52.7
55.3
53.3
Sep 2019
53.3
55
54.3
Aug 2019
54.3
52.5
52.9
Jul 2019
52.9
52.3
53.6
Jun 2019
53.6
51.3
52.8
May 2019
52.8
51
53.1
Apr 2019
53.1
59.2
56.8
Mar 2019
56.8
54.6
54.5
Feb 2019
54.5
54.8
54.7
Jan 2019
54.7
55.3
54
Dec 2018
54
54
Nov 2018
54
54
Oct 2018
54
52.5
Sep 2018
52.5
52.7
Aug 2018
52.7
52.6
Jul 2018
52.6
55.4
Jun 2018
55.4
56.4
May 2018
56.4
55.6
Apr 2018
55.6
56.2
Mar 2018
56.2
57.3
Feb 2018
57.3
56.9
Jan 2018
56.9
54.6
Dec 2017
54.6
54.4
Nov 2017
54.4
54.6
Oct 2017
54.6
56.7
Sep 2017
56.7
56
Aug 2017
56
57.6
Jul 2017
57.6
58.3
Jun 2017
58.3
57.3
May 2017
57.3
57.8
Apr 2017
57.8
57.4
Mar 2017
57.4
57
Feb 2017
57
54.2
Jan 2017
54.2
55
Dec 2016
55
55.1
Nov 2016
55.1
54.6
Oct 2016
54.6
54.7
Sep 2016
54.7
56
Aug 2016
56
54.1
Jul 2016
54.1
56
Jun 2016
56
55.4
May 2016
55.4
55.1
Apr 2016
55.1
55.3
Mar 2016
55.3
54.1
Feb 2016
54.1
54.6
Jan 2016
54.6
55.1
Dec 2015
55.1
56.7
Nov 2015
56.7
55.9
Oct 2015
55.9
54.6
Sep 2015
54.6
59.6

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