The HCOB Spain Composite PMI rose to 53.3 in June 2026 from 50.2 in May, signaling a second straight month of expansion and the strongest growth since December 2025.

The services sector carried overall growth, as manufacturing output returned to contraction for the first time in three years.

New orders increased overall, as a marked rise in demand for services more than offset a sharp decline in new business received by manufacturers.

Meanwhile, inflationary pressures eased during the month, as rates of inflation softened.

Looking forward, business confidence improved to its highest level since February.