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New data HCOB Composite PMI (Jan)

2/5/2025

actual 54, previous 56.8

The event is the release of the HCOB Composite PMI (Purchasing Managers' Index) for Spain in January 2025. The actual PMI value reported is 54, which is a decrease of 2.8 points from the previous month. The impact of this event is considered low. The estimated PMI value was 56.5, indicating that the actual value fell short of expectations. This decrease of 4.93% from the previous month's PMI suggests a slight slowdown in economic activity in Spain, as a PMI value above 50 indicates expansion in the economy. The HCOB Composite PMI is a key indicator of the economic health of the manufacturing and services sectors in Spain.

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