Spain Services PMI comes in at 58.3 against 52.2 consensus

Spain’s S&P Global Services PMI was released at 58.3 on 2026-08-05 07:16 UTC. This figure significantly exceeded the consensus estimate of 52.2, representing an 11.7% surprise versus expectations. The previous reading was 54.2.

Measured market reaction 15 minutes after the release showed EURAUD up 2.0 pips, EURCAD down 4.2 pips, EURCHF up 1.5 pips, EURGBP down 2.8 pips, EURJPY down 9.7 pips, EURNZD up 2.7 pips, and EURUSD down 4.2 pips. These initial movements are generally smaller than the median 1-hour moves observed after past releases of this event, which include 11 pips for EURAUD, 10 pips for EURCAD, 6 pips for EURCHF, 6 pips for EURGBP, 12 pips for EURJPY, 14 pips for EURNZD, and 9 pips for EURUSD.