FX.co ★ Spain’s Services Sector Accelerates in July as HCOB PMI Jumps to 58.3

Spain’s service sector gained strong momentum in July 2026, with the HCOB Spain Services Purchasing Managers’ Index (PMI) rising to 58.3, up from 54.2 in June 2026.

The latest reading, updated on 5 August 2026, signals a faster rate of expansion in Spain’s services industry, remaining well above the 50-point threshold that separates growth from contraction. The jump from June to July suggests a notable strengthening in activity across key service segments, often associated with improving demand conditions and increased business confidence.

This acceleration in services growth comes at a time when market participants are closely watching European economies for signs of resilience and potential support to broader GDP performance. The robust July PMI print for Spain’s services sector adds a positive signal to the country’s near-term economic outlook.