Spain Services Sector Production Index

Data Services

Source: Instituto Nacional de Estadistica
Source Link: https://ine.es/
Frequency: Monthly
Next Release(s): October 21st, 2025 2:00 AM

Latest Updates

Spain’s Market Services Sector turnover rose 0.2% MoM in July 2025 and 3.2% YoY (seasonally & calendar adjusted), reflecting steady growth but at a slower annual pace than June.
- The original series also showed a 3.2% YoY increase, down nearly 2 ppts from June, signaling some loss of momentum.
- Trade turnover rose 5.6% YoY, continuing to be the strongest driver of services activity.
- Other Services increased 2.1% YoY, showing more modest but still positive growth.
- The annual adjusted growth rate of 3.2% was 0.8 ppts lower than in June, indicating slight softening in service sector momentum.
- On a monthly basis, the +0.2% adjusted increase matched June’s pace, pointing to stable short-term growth.
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Spain’s Market Services Sector turnover rose 0.2% MoM in June 2025 and 4.2% YoY (seasonally & calendar adjusted), a slight acceleration from May’s annual pace.
- Trade turnover increased 5.5% YoY, indicating continued strength in commerce-related activity.
- Other Services turnover grew 3.4% YoY, supporting the overall gain despite a slower pace than Trade.
- The unadjusted (original) series rose 5.4% YoY, up 2.7 ppts from May, pointing to stronger underlying demand.
- The YoY increase in the adjusted series was 0.5 ppts higher than in May, suggesting some firming momentum even as MoM growth softened slightly.
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Spain’s Market Services Sector turnover rose 0.5% MoM and 3.7% YoY in May 2025, accelerating from April’s 2.8% YoY pace.
- The original YoY rate (unadjusted) was 2.8%, up 1.2 pts from April.
- Trade turnover increased 6.1% YoY (adjusted), while Other Services rose 2.7% YoY.
- The adjusted monthly growth of 0.5% MoM was 0.6 pts higher than in April.
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Spain’s Market Services Sector turnover fell -0.1% MoM in April and rose 2.7% YoY, a slowdown from March’s pace.
- Trade turnover rose 5.1% YoY, while Other Services increased 1.9% YoY.
- Within trade, wholesale trade (except motor vehicles) grew the fastest at +3.1% MoM, followed by wholesale and retail motor vehicle trade (+2.5% MoM).
- Transportation and storage declined -1.8% MoM; real estate activities dropped sharply by -5.0% MoM.
- Professional, scientific, and technical activities edged down -0.3% MoM, while information and communication rose 0.3% MoM.
- Accommodation and food services fell -0.5% MoM, marking a second straight monthly decline.
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Spain’s Services Sector Production Index rose 0.7% MoM and 5.1% YoY in March 2025 (seasonally and calendar adjusted), with annual growth accelerating from February.
- The unadjusted YoY growth rate was 6.6%, up 4.3 pts from the prior month.
- Trade sector output rose 7.3% YoY (adjusted), and 9.3% YoY (unadjusted).
- Other services increased 4.2% YoY (adjusted), and 5.0% YoY (unadjusted).
- The monthly growth rate of 0.7% marked a 1.3 pt improvement over February’s pace.
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Spain’s service sector production declined -0.5% MoM in February, the weakest since March 2024, but remained up 2.4% YoY, down from 4.3% YoY in January.
- Trade turnover increased 3.6% YoY.
- Other services turnover rose 2.2% YoY.
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Spain’s service sector production increased by 4.2% YoY in January after adjusting for seasonal and calendar effects, up from 2.1% YoY in December and the highest since March 2023.
- Production rose by 1.5% MoM in January, recovering from stagnation in December and the highest since April 2024.
- Original (unadjusted) series showed a 4.3% YoY rise, up from 3.9% YoY in December.
- Trade turnover increased by 4.7% YoY, and Other Services were up 4.2% YoY (adjusted).
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Spain’s services production was up 0.9% MoM and 1.8% YoY in December, the slowest growth since June.
- Trade services output was up 1.6% YoY, and non-trade services output was up 1.7% YoY.
- For the full year 2024, services production was up 2.6%.
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Spain’s services sector turnover increased 0.1% MoM and 2.1% YoY in November, slower than the 3.6% YoY increase in October. Trade services were up just 0.4% YoY while all other services were up 3.0% YoY.

Spain’s Services Sector Production Index rose 0.7% MoM and 5.1% YoY in March 2025 (seasonally and calendar adjusted), with annual growth accelerating from February.
- The unadjusted YoY growth rate was 6.6%, up 4.3 pts from the prior month.
- Trade sector output rose 7.3% YoY (adjusted), and 9.3% YoY (unadjusted).
- Other services increased 4.2% YoY (adjusted), and 5.0% YoY (unadjusted).
- The monthly growth rate of 0.7% marked a 1.3 pt improvement over February’s pace.
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