FX.co ★ Spain Composite PMI Falls in January

In January 2026, the HCOB Spain Composite PMI decreased to 52.9, down from December's 55.6, indicating the slowest growth since June of the previous year. The private sector experienced a slower expansion in new work, impacted by a dip in manufacturing orders and a sluggish rise in services activity. Despite this, there was a notable increase in employment, propelled by significant gains within the services sector. Input cost inflation surged to its peak since August, while output prices rose at the quickest rate observed in three months. Nonetheless, business confidence for the upcoming year reached its highest level in 12 months.