Spain Composite PMI Falls in January

EthereumCraftsman · 2026-02-04T08:45:18+00:00

The HCOB Spain Composite PMI dropped to 52.9 in January 2026, indicating slowed growth due to reduced new work in manufacturing and services. Employment rose, costs increased, and business confidence reached a one-year high.

EthereumCraftsman

2026-02-04 08:45:18

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The HCOB Spain Composite PMI fell to 52.9 in January 2026 from 55.6 in December, marking the slowest pace of growth since last June. Private sector new work expanded at a reduced rate, weighed down by a decline in manufacturing new orders and slower growth in services activity. Employment, however, rose more sharply, driven by strong gains in the services sector. Input cost inflation accelerated to its highest level since August, while output prices increased at the fastest pace in three months. Business confidence in the year-ahead outlook strengthened to a 12-month high.

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