Spain Composite PMI Continues to Point to Robust Growth
The HCOB Spain Composite PMI fell to 55.1 in November 2025 from 56.0 in October, indicating continued robust private sector growth. Services growth eased but remained strong, while manufacturing moderated. Activity levels have risen for two years, with new business volumes increasing. Firms are hiring more workers, mainly in services. Cost inflation remains high, but selling prices rose minimally due to manufacturing discounts. Spain's economy is expected to grow strongly in Q4, according to Jonas Feldhusen of Hamburg Commercial Bank.
Trading Economics·