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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
SpainSpain HCOB Composite PMI fell to 51.5 in February 2026
FMPMonthlyReleased March 2026
Spain HCOB Composite PMI fell to 51.5 in February 2026, released March 2026, down 1.4 from January's 52.9 reading. The reading matched the 53.4 consensus. HCOB Composite PMI has now declined for 3 consecutive months. Over the past 3 months, HCOB Composite PMI averaged 54.25, vs 54.97 in the prior 3-month window. HCOB Composite PMI is now the lowest in 7 months.
Latest Release
51.5
Actual
53.4
Consensus
52.9
Previous
The March 2026 reading fell from the previous value of 52.9. Historically, this indicator is negatively correlated with XAU/USD (Bearish XAU) and negatively correlated with GBP/USD (Bearish GBP).
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HCOB Composite PMI - ES
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Economic Calendar - ES Events
| Thursday, May 14, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
|---|---|---|---|---|---|---|---|
| 07:00 | ES | CPI YoY | 2.8 | 2.9 | 2.8 | 2.80 | Low |
| 07:00 | ES | Inflation Rate MoM | 0.4 | 1.2 | 0.4 | 0.40 | Low |
| 07:00 | ES | Harmonised Inflation Rate YoY | 3.5 | 3.4 | 3.5 | 3.48 | Low |
| 07:00 | ES | Core Inflation Rate YoY | 2.8 | 2.9 | 2.8 | 2.80 | Low |
| 07:00 | ES | Inflation Rate YoY | 3.2 | 3.4 | 3.2 | 3.18 | Low |
| 07:00 | ES | Harmonised Inflation Rate MoM | 0.7 | 1.7 | 0.7 | 0.67 | Low |
| 07:00 | ES | HICP MoM | 0.7 | 1.7 | 0.7 | 0.67 | Low |
| 07:00 | ES | CPI MoM | 0.4 | 1.2 | 0.4 | 0.40 | Low |
| 07:00 | ES | HICP YoY | 3.5 | 3.4 | 3.5 | 3.48 | Medium |
| 10:00 | ES | Consumer Confidence | 77.7 | 66.9 | 69 | 73.35 | Medium |