Feedback / Help improve this page

Spain EUR

Spain HCOB Composite PMI

Info

History

Chart

Impact:

Low

Source: S&P Global

Latest Release:

Date:

Surprise:

-0.8

Actual:

53.2

Forecast: 54

Previous/Revision:

55.2

Period: Nov

Next Release:

Date:

Period: Dec

What Does It Measure?

The HCOB Composite PMI (Purchasing Managers' Index) measures the overall economic health of the private sector in Spain, specifically combining the outputs of both the manufacturing and services sectors. Key areas assessed include production levels, new orders, employment trends, and supplier delivery times, with readings above 50 indicating expansion and below 50 indicating contraction, representing a national indicator.

Frequency

The HCOB Composite PMI is released on a monthly basis, with preliminary figures typically published in the first week of the month, while finalized data is available shortly thereafter.

Why Do Traders Care?

Traders monitor the HCOB Composite PMI closely due to its significance in gauging economic performance, which can influence monetary policy decisions and investor sentiment. Higher-than-expected readings can lead to bullish movements in the Euro and stock indices, whereas weaker results may trigger bearish trends.

What Is It Derived From?

The PMI is derived from a survey of purchasing managers in various industries, where they report on changes in business activity, including new orders, output, employment, and supplier deliveries. This data is collected through a diffusion index method, where responses are weighted to reflect the importance of each sector and an index above 50 indicates an expansion in activity.

Description

The HCOB Composite PMI combines the Manufacturing and Services PMIs to present a comprehensive view of economic performance in Spain. It is critical for assessing the current economic climate, providing timely insights into business conditions, and reflecting changes in the demand and supply landscape across sectors.

Additional Notes

The PMI is often viewed as a leading economic indicator, providing early signals of shifts in economic activity that can precede larger economic trends. Its influence extends beyond national borders, with implications for global markets, especially within the Eurozone.

Bullish or Bearish for Currency and Stocks

Higher than expected: Bullish for EUR, Bullish for Stocks.

Legend

High Potential Impact
This event has a strong potential to move markets significantly. If the 'Actual' value differs enough from the forecast or if the 'Previous' value is significantly revised, it signals new information that markets may rapidly adjust to.

Medium Potential Impact
This event may cause moderate market movement, especially if the 'Actual' deviates from the forecast or there's a notable revision to the 'Previous' value.

Low Potential Impact
This event is unlikely to affect market pricing unless there's an unexpected surprise or a major revision to prior data.

Surprise - Currency May Strengthen
Actual deviated from Forecast on a medium or high impact event and historically could strengthen the currency.

Surprise - Currency May Weaken
Actual deviated from Forcast on a medium or high impact event and historically could weaken the currency.

Big Surprise - Currency More Likely To Strengthen
'Actual' deviated from 'Forecast' more than 75% of historical deviations on a medium or high impact event and may likely strengthen the currency.

Big Surprise - Currency More Likely To Weaken
'Actual' deviated from 'Forecast' more than 75% of historical deviations on a medium or high impact event and may likely weaken the currency

Green Number	Better than forecast for the currency (or previous revise better)
Red Number	Worse than forecast for the currency (or previous revise better)
Hawkish	Supports higher interest rates to fight inflation, strengthening the currency but weighing on stocks.
Dovish	Favors lower rates to boost growth, weakening the currency but lifting stocks.

Date	Actual	Forecast	Previous	Surprise
Dec 03, 2025		55.5
Nov 05, 2025		54
Oct 03, 2025		53.5
Sep 03, 2025		54.1
Aug 05, 2025		52.5
Jul 03, 2025		51.5
Jun 04, 2025		52.4
May 06, 2025		52
Apr 03, 2025		54.7
Mar 05, 2025		54.5
Feb 05, 2025		56.5
Jan 06, 2025		53.4
Dec 04, 2024	53.2	54	55.2	-0.8
Nov 06, 2024	55.2	56	56.3	-0.8
Oct 03, 2024	56.3	50.9	53.5	5.4
Sep 04, 2024	53.5	54	53.4	-0.5
Aug 05, 2024	53.4	55	55.8	-1.6
Jul 03, 2024	55.8	56	56.6	-0.2
Jun 05, 2024	56.6	56	55.7	0.6
May 06, 2024	55.7	54.6	55.3	1.1
Apr 04, 2024	55.3	52.6	53.9	2.7
Mar 05, 2024	53.9	52.3	51.5	1.6
Feb 05, 2024	51.5	50.7	50.4	0.8
Jan 04, 2024	50.4	50.1	49.8	0.3