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.