03.09.202507:15:00UTC+00Spain's Services Sector Loses Momentum as August PMI Contracts to 53.2

Spain's services industry has experienced a noticeable slowdown in August, with the HCOB Spain Services Purchasing Managers' Index (PMI) dipping to 53.2, down from 55.1 in July, the latest data released on September 3, 2025, indicates. This marks a second consecutive month where the sector's growth, although still expansive, is showing signs of weakening momentum.

The latest figures suggest that while the services sector—comprising industries such as retail, hospitality, and transport—is still growing, the pace is not as rapid as it has been in recent months. The index, which remains above the critical 50.0 mark that separates expansion from contraction, highlights how certain economic factors may be contributing to the deceleration.

Analysts suggest that rising inflationary pressures, geopolitical uncertainties, or fluctuating consumer confidence could be behind the reduced pace. Businesses in the services sector must now navigate these challenges to maintain their growth trajectory, as the Spanish economy continues to recover from past global disruptions. Continued vigilance on economic conditions will remain crucial for industry participants as they adjust strategies to sustain performance in the months ahead.