Spain October Services PMI Declines: Economic Growth May Face Slowdown

Markit released Spain's October Services PMI data on October 5, 2026.The reported value for this month was 57.6, down from 58.3 in the previous month, and in line with the forecast of 57.6. While the index remains at a relatively high level, the month-on-month decline warrants attention.The PMI index reflects market confidence based on surveys of purchasing managers. It covers multiple dimensions including output, new orders, inventories, employment, and prices, providing a reliable indication of economic trends. A reading above 50 signals market expansion, while below 50 indicates contraction.This data is of medium importance and is released monthly. The next release is scheduled for December 3, 2026.