FX.co ★ Spain Private Sector Growth at 22-Month High

The S&P Global Spain Composite PMI increased to 56.8 in September 2026 from 55.8 in August, marking a fifth consecutive month above the 50-point expansion threshold and its highest reading since December 2024. Growth continued to be driven primarily by the services sector, while manufacturing returned to marginal expansion after contracting in August. Private sector employment rose again, and business confidence strengthened further, indicating a more robust outlook for output over the coming year. Nonetheless, mounting cost pressures remained a concern, with input price inflation picking up and output charges rising at their fastest pace since April.