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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
SpainSpain Markit Composite PMI climbed to 56.5 in February 2022
FMPMonthlyReleased March 2022
Spain Markit Composite PMI climbed to 56.5 in February 2022, released March 2022, up 8.6 from January's 47.9 reading.
Latest Release
56.500000
Actual
—
Consensus
47.900000
Previous
Sigmacast Track Record
Sigmacast track record will appear here once this indicator has been released 3+ times since Sigmanomics began tracking.
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 |
|---|---|---|---|---|---|
| EUR/USD | ▲ Direct | +0.40 | FOREX | Bullish EUR | → View |
| EUR/GBP | ▲ Direct | +0.35 | FOREX | Bullish EUR | → View |
| DAX | ▲ Direct | +0.35 | INDEX | Bullish EU | → View |
| EUR/JPY | ▲ Direct | +0.35 | FOREX | Bullish EUR | → View |
| XAU/USD | ▼ Inverse | −0.30 | COMMODITIES | Watch | → View |
Correlation based on 12-month rolling window. Click any symbol to view its Sigmanomics forecast page.
THE RELEASE
Markit Composite PMI (Spain) was reported at 56.50 in March 2022. The reading rose from the previous value of 47.90.
WHY IT MATTERS
The trailing three releases averaged 53.27, down from the prior three at 57.17.
THE MODEL'S TAKE
Historically, this indicator is positively correlated with EUR/USD (Bullish EUR). A secondary relationship exists with DAX, positively correlated (Bullish EU).
WHAT TO WATCH NEXT
Same-country events in the next 14 days include Gross Domestic Product QoQ (Jun 25) and Inflation Rate YoY (Jun 29).
Auto-generated from current model state · Refreshes on each release · Last update March 2022.
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Markit Composite PMI - ES
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About Markit Composite PMI — Spain
DEFINITION
Markit Composite PMI is a widely recognized financial indicator that measures the overall economic health of a country or region. It combines data from the manufacturing and services sectors to provide a comprehensive view of business activity and growth. This indicator is closely monitored by investors, policymakers, and businesses as it can provide valuable insights into the current and future state of the economy. A reading above 50 indicates expansion, while a reading below 50 suggests contraction. Markit Composite PMI is a valuable tool for decision-making and risk management in the financial world.
WHY THIS INDICATOR MATTERS
Sentiment surveys are forward-looking inputs that often lead hard data on output and hiring. Sharp swings can drive cross-asset repricing. Surprises against consensus can drive short-term moves, particularly when the print breaks an established trend. Released monthly.
WHAT CHANGED THIS MONTH
Latest reading (Feb 2022): actual 56.5. Prior reading (Jan 2022): 47.9. Before that (Dec 2021): 55.4.
WHAT'S NEXT
Sigmacast's 1-month forecast points to a similar reading versus the latest print, with the 3-month outlook reinforcing that direction. Both horizons are aligned bullish for this indicator, suggesting a consistent trend signal. Trend-driven dynamics are the primary headwind in the current projection.
Σ
EXPECTED ZONE
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Economic Calendar - ES Events
| Tuesday, June 23, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
|---|---|---|---|---|---|---|---|
| 08:00 | ES | Balance of Trade | -5.2 | -4.4 | -2.5 | -3.85 | Medium |
| Thursday, June 25, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
| 07:00 | ES | Producer Price Index YoY | 8.3 | 8.1 | 6.05 | Low | |
| 07:00 | ES | GDP Growth Rate YoY | 2.7 | 2.7 | 2.75 | Low | |
| 07:00 | ES | GDP Growth Rate QoQ | 0.8 | 0.6 | 0.60 | Low | |
| 07:00 | ES | Gross Domestic Product QoQ | 0.6 | 0.6 | 0.60 | Medium | |
| 07:00 | ES | Gross Domestic Product YoY | 2.7 | 2.7 | 2.75 | Low | |
| Monday, June 29, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
| 07:00 | ES | Inflation Rate YoY | 3.2 | 2.9 | 2.70 | Medium | |
| 07:00 | ES | Harmonised Inflation Rate YoY | 3.6 | 3.3 | 3.00 | Low | |
| 07:00 | ES | Inflation Rate MoM | 0.1 | 0.4 | 0.30 | Medium | |
| 07:00 | ES | Harmonised Inflation Rate MoM | 0.1 | 0.4 | 0.10 | Low | |
| 07:00 | ES | Retail Sales YoY | 0.8 | 1.2 | 1.20 | Low | |
| 07:00 | ES | Retail Sales MoM | -1.5 | 1 | 1.00 | Low | |
| 07:00 | ES | Core Inflation Rate YoY | 2.9 | 2.9 | 2.90 | Low | |