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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
SpainSpain S&P Global Services PMI climbed to 58.3 Points in September 2026
FMPMonthlyReleased October 2026
Spain S&P Global Services PMI climbed to 58.3 Points in September 2026, released October 2026, up 0.5 Points from August's 57.8 Points reading. The reading matched the 56.8 Points consensus.
Latest Release
58.300000
Actual
56.800000
Consensus
57.800000
Previous
Median Absolute Error
±1.21
across last 12 releases
Last Call
Oct 2026
Predicted: 57.35
Actual: 58.3
Error: -0.95
Sigmacast Σ-direction model: consensus + ½ × mean(surprise, trailing 90d).
CORRELATED SYMBOLS— markets that historically move with this indicator
| Symbol | Direction | Correlation | Asset Class | Co-movement | Action |
|---|---|---|---|---|---|
| USD/JPY | ▲ Direct | +0.76 | FOREX | Moves with | → View |
| EUR/USD | ▼ Inverse | −0.42 | FOREX | Moves against | → View |
| GBP/USD | ▼ Inverse | −0.40 | FOREX | Moves against | → View |
| S&P 500 | ▼ Inverse | −0.30 | INDEX | Moves against | → View |
Correlation based on 12-month rolling window. Click any symbol to view its Sigmanomics forecast page.
THE RELEASE
S&P Global Services PMI (Spain) was reported at 58.30 Points in September 2026. This beat the market consensus of 56.80 Points by 1.50 Points. The reading rose from the previous value of 57.80 Points. This is classified as a medium-impact indicator released on a monthly basis.
WHY IT MATTERS
The trailing three releases averaged 58.13 Points, up from the prior three at 53.67 Points.
THE MODEL'S TAKE
Historically, this indicator is positively correlated with USD/JPY (Bullish USD). A secondary relationship exists with EUR/USD, negatively correlated (Bearish EUR). Over the last 12 releases, the Sigmacast model's median absolute error is 1.21 Points.
WHAT TO WATCH NEXT
The next release is scheduled for November 4, 2026. Same-country events in the next 14 days include Consumer Confidence (Oct 15) and Balance of Trade (Oct 20).
Auto-generated from current model state · Refreshes on each release · Last update October 2026.
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S&P Global Services PMI - ES
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About S&P Global Services PMI — Spain
DEFINITION
The S&P Global Services PMI is a widely recognized financial indicator that measures the performance of the global services sector. It provides valuable insights into the health and growth of the services industry, which accounts for a significant portion of the global economy. This indicator is based on a monthly survey of purchasing managers in key service sectors, providing timely and reliable data on business activity, new orders, employment, and prices. The S&P Global Services PMI is a crucial tool for investors, businesses, and policymakers in making informed decisions and assessing the overall economic outlook.
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 (Sep 2026): actual 58.3 Points, consensus 56.8 Points. Prior reading (Aug 2026): 57.8 Points. Before that (Jul 2026): 58.3 Points.
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 tailwind in the current projection. This indicator correlates most strongly with USD/JPY (Bullish USD, r=0.76) — a useful reference for forex-focused traders.
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EXPECTED ZONE
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Economic Calendar - ES Events
| Thursday, October 15, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
|---|---|---|---|---|---|---|---|
| 10:00 | ES | Consumer Confidence | 84.1 | 83.4 | 84.50 | Medium | |