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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
SpainSpain Thomson Reuters IPSOS PCSI fell to 46.62 in April 2026
FMPMonthlyReleased May 2026
Spain Thomson Reuters IPSOS PCSI fell to 46.62 in April 2026, released May 2026, down 0.54 from March's 47.16 reading.
Latest Release
46.620000
Actual
—
Consensus
47.160000
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 |
|---|---|---|---|---|---|
| S&P 500 | ▼ Inverse | −0.82 | INDEX | Bearish S&P 500 | → View |
| BTC/USD | ▼ Inverse | −0.67 | CRYPTO | Bearish BTC | → View |
| EUR/USD | ▼ Inverse | −0.31 | FOREX | Bearish EUR | → View |
| USD/JPY | ▲ Direct | +0.31 | FOREX | Bullish USD | → View |
Correlation based on 12-month rolling window. Click any symbol to view its Sigmanomics forecast page.
THE RELEASE
Thomson Reuters IPSOS PCSI (Spain) was reported at 46.62 in May 2026. The reading fell from the previous value of 47.16. Trailing 12-month context per ETL data through May 2026. Over the past 12 months, the indicator has averaged 49.58, ranging from 46.62 to 51.71 across 11 releases.
WHY IT MATTERS
The trailing three releases averaged 49.27, down from the prior three at 50.16.
THE MODEL'S TAKE
Historically, this indicator is negatively correlated with S&P 500 (Bearish S&P 500). A secondary relationship exists with BTC/USD, negatively correlated (Bearish BTC).
WHAT TO WATCH NEXT
The next release is scheduled for June 11, 2026.
Auto-generated from current model state · Refreshes on each release · Last update May 2026.
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Thomson Reuters IPSOS PCSI - ES
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About Thomson Reuters IPSOS PCSI — Spain
DEFINITION
Spain's Thomson Reuters IPSOS PCSI for May registered 46.620000, missing the prior April reading of 47.160000 and signaling further contraction. The index declined from April's 47.16 to May's 46.62, continuing a downward trend below the 50 expansion threshold. Market participants will watch upcoming economic data for confirmation of weakening consumer sentiment amid ongoing challenges. Updated 5/14/26
WHY THIS INDICATOR MATTERS
This release contributes to the broader macro picture used by cross-asset investors for positioning and risk management. The release is more useful as part of a longer-run signal than as a single-print catalyst. Released monthly.
WHAT CHANGED THIS MONTH
Latest reading (May 2026): actual 46.62. Prior reading (Apr 2026): 47.16. Before that (Mar 2026): 51.21.
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 bearish for this indicator, suggesting a consistent trend signal. Trend-driven dynamics are the primary headwind in the current projection. This indicator correlates most strongly with S&P 500 (Bearish S&P 500, r=-0.82) — a useful reference for index-focused traders.