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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
SpainSpain S&P Global Manufacturing PMI fell to 48.7 in March 2026
FMPMonthlyReleased April 2026
Spain S&P Global Manufacturing PMI fell to 48.7 in March 2026, released April 2026, down 1.3 from February's 50 reading. The reading matched the 50.4 consensus.
Latest Release
48.700000
Actual
50.400000
Consensus
50.000000
Previous
Median Absolute Error
±1.18
across last 12 releases
Last Call
Apr 2026
Predicted: 50.4
Actual: 48.7
Error: +1.7
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 April 2026 reading fell from the previous value of 50. Over the last 12 releases, the Sigmanomics model has produced a median absolute forecast error of ±1.18. Historically, this indicator is positively correlated with EUR/USD (Bullish EUR) and positively correlated with EUR/GBP (Bullish EUR).
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S&P Global Manufacturing PMI - ES
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Economic Calendar - ES Events
| Tuesday, May 19, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
|---|---|---|---|---|---|---|---|
| 08:00 | ES | Balance of Trade | -4.4 | -3.3 | -5.6 | -5.47 | Medium |