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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
SpainSpain S&P Global Services PMI fell to 57.8 Points in August 2026
FMPMonthlyReleased September 2026
Spain S&P Global Services PMI fell to 57.8 Points in August 2026, released September 2026, down 0.5 Points from July's 58.3 Points reading. The reading matched the 59 Points consensus.
Latest Release
57.800000
Actual
59.000000
Consensus
58.300000
Previous
Median Absolute Error
±1.68
across last 12 releases
Last Call
Sep 2026
Predicted: 60.7
Actual: 57.8
Error: +2.9
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 |
|---|---|---|---|---|---|
| EUR/USD | ▲ Direct | +0.40 | FOREX | Moves with | → View |
| EUR/GBP | ▲ Direct | +0.35 | FOREX | Moves with | → View |
| DAX | ▲ Direct | +0.35 | INDEX | Moves with | → View |
| EUR/JPY | ▲ Direct | +0.35 | FOREX | Moves with | → View |
| XAU/USD | ▼ Inverse | −0.30 | COMMODITIES | 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 57.80 Points in August 2026. This missed the market consensus of 59.00 Points by 1.20 Points. The reading fell from the previous value of 58.30 Points. This is classified as a medium-impact indicator released on a monthly basis.
WHY IT MATTERS
The trailing three releases averaged 55.40 Points, down from the prior three at 55.87 Points.
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). Over the last 12 releases, the Sigmacast model's median absolute error is 1.68 Points.
WHAT TO WATCH NEXT
The next release is scheduled for October 5, 2026. Same-country events in the next 14 days include Balance of Trade (Sep 22) and Inflation Rate MoM (Sep 29).
Auto-generated from current model state · Refreshes on each release · Last update September 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 (Aug 2026): actual 57.8 Points, consensus 59 Points. Prior reading (Jul 2026): 58.3 Points. Before that (May 2026): 50.1 Points.
WHAT'S NEXT
Sigmacast's 1-month forecast points to a higher 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.
Σ
EXPECTED ZONE
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Economic Calendar - ES Events
| Tuesday, September 15, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
|---|---|---|---|---|---|---|---|
| 07:00 | ES | Inflation Rate YoY | 4.3 | 3.6 | 4.3 | 4.30 | Low |
| 07:00 | ES | Harmonised Inflation Rate MoM | 0.7 | 0 | 0.6 | 0.65 | Low |
| 07:00 | ES | Harmonised Inflation Rate YoY | 4.6 | 3.9 | 4.5 | 4.55 | Low |
| 07:00 | ES | Inflation Rate MoM | 0.7 | 0.3 | 0.7 | 0.70 | Low |
| 07:00 | ES | Core Inflation Rate YoY | 2.9 | 3 | 2.9 | 2.90 | Low |