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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
SpainSpain HCOB Services PMI fell to 51.9 in February 2026
FMPMonthlyReleased March 2026
Spain HCOB Services PMI fell to 51.9 in February 2026, released March 2026, down 1.6 from January's 53.5 reading. The reading matched the 53.8 consensus. HCOB Services PMI has now declined for 3 consecutive months. Over the past 3 months, HCOB Services PMI averaged 55.3, vs 55.5 in the prior 3-month window. HCOB Services PMI is now the lowest in 7 months.
Latest Release
51.9
Actual
53.8
Consensus
53.5
Previous
Median Absolute Error
±1.7
across last 12 releases
Last Call
Mar 2026
Predicted: 53.45
Actual: 51.9
Error: +1.55
Sigmacast Σ-direction model: consensus + ½ × mean(surprise, trailing 90d).
CORRELATED SYMBOLS— markets that historically move with this indicator
| Symbol | Direction | Correlation | Asset Class | Signal Bias | Action |
|---|---|---|---|---|---|
| BTC/USD | ▲ Direct | +0.42 | CRYPTO | Bullish BTC | → View |
| USD/JPY | ▲ Direct | +0.32 | FOREX | Bullish USD | → View |
Correlation based on 12-month rolling window. Click any symbol to view its Sigmanomics forecast page.
The March 2026 reading fell from the previous value of 53.5. Over the last 12 releases, the Sigmanomics model has produced a median absolute forecast error of ±1.7. Historically, this indicator is positively correlated with BTC/USD (Bullish BTC) and positively correlated with USD/JPY (Bullish USD).
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HCOB Services PMI - ES
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