Spain
-2.1
▬
vs 1w ago (-1.8)
Spain economic data has been roughly in line with expectations. Over the past 90 days,
releases have been close to analyst estimates with no strong directional bias.
Current Score
-2.1
1 Week Ago
-1.8
Releases (90d)
126
Top Beats
5
Top Misses
5
Surprise Index — 3 Year Weekly Trend with IBEX 35 Overlay
G7 Comparison — Economic Surprise Index
▲ Top Positive Surprises
- Consumer Confidence +1.37z
- S&P Global Manufacturing PMI +1.66z
- HICP YoY +3.21z
- CPI YoY +1.43z
- Gross Domestic Product QoQ +1.03z
▼ Top Negative Surprises
- S&P Global Services PMI -2.29z
- Unemployment Rate -2.69z
- Consumer Confidence -2.00z
- S&P Global Composite PMI -2.00z
- Employment Change -0.65z
All Releases — 90 Day Window (126 events)
| Date | Event | Actual | Estimate | Surprise Z | Impact | Contribution |
|---|---|---|---|---|---|---|
| 2026-05-06 | S&P Global Services PMI | 47.9 | 52.0 | -2.294 | Medium | -81.10 |
| 2026-04-28 | Unemployment Rate | 10.83 | 9.8 | -2.687 | Medium | -78.96 |
| 2026-04-30 | Consumer Confidence | 66.9 | 82.0 | -1.998 | Medium | -61.50 |
| 2026-05-14 | Consumer Confidence | 77.7 | 69.0 | +1.368 | Medium | +58.19 |
| 2026-05-04 | S&P Global Manufacturing PMI | 51.7 | 49.5 | +1.655 | Medium | +55.86 |
| 2026-03-27 | HICP YoY | 3.3 | 3.9 | +3.215 | Medium | +45.10 |
| 2026-04-29 | CPI YoY | 3.2 | 3.5 | +1.432 | Medium | +43.07 |
| 2026-05-06 | S&P Global Composite PMI | 48.7 | 52.2 | -2.000 | Low | -35.36 |
| 2026-04-30 | Gross Domestic Product QoQ | 0.6 | 0.5 | +1.035 | Medium | +31.85 |
| 2026-04-29 | CPI MoM | 0.4 | 0.6 | +1.841 | Low | +27.69 |
| 2026-04-07 | S&P Global Services PMI | 53.3 | 50.8 | +1.432 | Medium | +25.90 |
| 2026-04-30 | GDP Growth Rate QoQ | 0.6 | 0.5 | +0.556 | High | +25.65 |
| 2026-05-05 | Employment Change | -62.7 | -18.6 | -0.652 | Medium | -22.53 |
| 2026-04-01 | Manufacturing PMI | 48.7 | 50.4 | -1.362 | Medium | -21.45 |
| 2026-04-01 | S&P Global Manufacturing PMI | 48.7 | 50.4 | -1.256 | Medium | -19.78 |
| 2026-03-27 | CPI YoY | 3.3 | 3.6 | +1.392 | Medium | +19.54 |
| 2026-04-24 | Producer Price Index YoY | 3.4 | -2.0 | -1.310 | Low | -17.55 |
| 2026-04-06 | Employment Change | -22.9 | 10.3 | -0.887 | Medium | -15.67 |
| 2026-04-14 | HICP YoY | 3.4 | 3.3 | -0.633 | Medium | -13.47 |
| 2026-04-14 | Core Inflation Rate YoY | 2.9 | 2.7 | -1.265 | Low | -13.45 |
| 2026-02-27 | HICP YoY | 2.5 | 2.3 | -1.817 | Medium | -13.35 |
| 2026-02-27 | HICP YoY | 2.5 | 2.3 | -1.817 | Medium | -13.35 |
| 2026-02-27 | HICP YoY | 2.5 | 2.3 | -1.817 | Medium | -13.35 |
| 2026-02-27 | HICP YoY | 2.5 | 2.3 | -1.817 | Medium | -13.35 |
| 2026-04-14 | CPI YoY | 2.9 | 2.7 | -1.238 | Low | -13.16 |
| 2026-04-14 | CPI MoM | 1.2 | 1.0 | -1.105 | Low | -11.75 |
| 2026-04-29 | Core Inflation Rate YoY | 2.8 | 2.7 | -0.632 | Low | -9.51 |
| 2026-04-29 | Inflation Rate MoM | 0.4 | 0.6 | +0.291 | Medium | +8.76 |
| 2026-05-08 | Industrial Production YoY | 1.8 | -1.8 | +0.409 | Low | +7.58 |
| 2026-04-01 | Tourist Arrivals YoY | 2.8 | 1.5 | +0.956 | Low | +7.53 |
| 2026-03-27 | CPI MoM | 1.0 | 1.2 | +0.921 | Low | +6.46 |
| 2026-04-07 | S&P Global Composite PMI | 52.4 | 51.3 | +0.640 | Low | +5.79 |
| 2026-02-27 | CPI YoY | 2.3 | 2.2 | -0.759 | Medium | -5.58 |
| 2026-04-29 | HICP MoM | 0.7 | 0.6 | -0.366 | Low | -5.51 |
| 2026-04-28 | Retail Sales MoM | 1.2 | 0.5 | +0.370 | Low | +5.44 |
| 2026-03-04 | Services PMI | 51.9 | 52.9 | -0.645 | Medium | -5.32 |
| 2026-03-04 | Services PMI | 51.9 | 52.9 | -0.645 | Medium | -5.32 |
| 2026-03-04 | Services PMI | 51.9 | 52.9 | -0.645 | Medium | -5.32 |
| 2026-03-26 | Gross Domestic Product YoY | 2.7 | 2.6 | +0.740 | Low | +5.07 |
| 2026-02-27 | Core Inflation Rate YoY | 2.7 | 2.5 | -1.366 | Low | -5.02 |
| 2026-03-04 | HCOB Services PMI | 51.9 | 52.8 | -0.566 | Medium | -4.67 |
| 2026-03-04 | HCOB Composite PMI | 51.5 | 53.4 | -1.119 | Low | -4.61 |
| 2026-03-25 | Producer Price Index YoY | -7.0 | -2.9 | +0.686 | Low | +4.59 |
| 2026-03-04 | S&P Global Services PMI | 51.9 | 52.9 | -0.550 | Medium | -4.54 |
| 2026-03-27 | HICP MoM | 1.5 | 2.1 | +0.628 | Low | +4.41 |
| 2026-02-24 | Consumer Confidence | 80.5 | 76.0 | +0.642 | Medium | +4.40 |
| 2026-03-04 | S&P Global Composite PMI | 51.5 | 53.4 | -1.061 | Low | -4.38 |
| 2026-03-04 | S&P Global Services PMI | 51.9 | 52.8 | -0.496 | Medium | -4.09 |
| 2026-04-29 | Inflation Rate YoY | 3.2 | 3.4 | +0.131 | Medium | +3.95 |
| 2026-03-27 | Inflation Rate YoY | 3.3 | 3.7 | +0.241 | Medium | +3.39 |
| 2026-04-09 | Industrial Production YoY | -1.1 | 1.5 | -0.355 | Low | -3.36 |
| 2026-05-05 | Tourist Arrivals YoY | 3.3 | 4.0 | -0.193 | Low | -3.33 |
| 2026-03-12 | Consumer Confidence | 83.9 | 81.5 | +0.320 | Medium | +3.17 |
| 2026-03-30 | Business Confidence | -4.2 | -2.8 | -0.207 | Medium | -3.12 |
| 2026-03-30 | Business Confidence | -4.2 | -2.8 | -0.207 | Medium | -3.12 |
| 2026-04-14 | HICP MoM | 1.7 | 1.5 | -0.293 | Low | -3.12 |
| 2026-03-27 | Harmonised Inflation Rate YoY | 3.3 | 3.9 | +0.442 | Low | +3.10 |
| 2026-04-29 | Harmonised Inflation Rate MoM | 0.7 | 0.6 | -0.204 | Low | -3.07 |
| 2026-03-02 | New Car Sales YoY | 7.5 | 1.8 | +0.766 | Low | +3.02 |
| 2026-02-27 | HICP MoM | 0.4 | 0.3 | -0.733 | Low | -2.69 |
| 2026-02-27 | HICP MoM | 0.4 | 0.3 | -0.733 | Low | -2.69 |
| 2026-02-27 | HICP MoM | 0.4 | 0.3 | -0.733 | Low | -2.69 |
| 2026-02-27 | HICP MoM | 0.4 | 0.3 | -0.733 | Low | -2.69 |
| 2026-03-30 | Retail Sales MoM | -0.1 | 0.3 | -0.353 | Low | -2.65 |
| 2026-03-27 | Harmonised Inflation Rate MoM | 1.5 | 2.1 | +0.350 | Low | +2.46 |
| 2026-02-27 | Inflation Rate MoM | 0.4 | 0.3 | -0.291 | Medium | -2.14 |
| 2026-04-29 | Business Confidence | -5.0 | -6.0 | +0.069 | Medium | +2.08 |
| 2026-03-27 | Inflation Rate MoM | 1.0 | 1.2 | +0.146 | Medium | +2.04 |
| 2026-03-03 | Employment Change | 3.584 | 37.5 | -0.249 | Medium | -2.00 |
| 2026-03-11 | Retail Sales MoM | 0.1 | -0.2 | +0.397 | Low | +1.92 |
| 2026-04-14 | Inflation Rate MoM | 1.2 | 1.0 | -0.175 | Low | -1.86 |
| 2026-04-14 | Harmonised Inflation Rate MoM | 1.7 | 1.5 | -0.163 | Low | -1.74 |
| 2026-02-27 | CPI | 2.3 | 2.2 | -0.222 | Medium | -1.63 |
| 2026-03-26 | GDP Growth Rate YoY | 2.7 | 2.6 | +0.231 | Low | +1.58 |
| 2026-02-27 | Harmonised Inflation Rate MoM | 0.4 | 0.3 | -0.408 | Low | -1.50 |
| 2026-03-30 | Retail Sales YoY | 2.2 | 3.8 | -0.175 | Low | -1.31 |
| 2026-03-02 | HCOB Manufacturing PMI | 50.0 | 49.8 | +0.144 | Medium | +1.14 |
| 2026-04-28 | Retail Sales YoY | 4.1 | 3.5 | +0.071 | Low | +1.04 |
| 2026-04-14 | Harmonised Inflation Rate YoY | 3.4 | 3.3 | -0.087 | Low | -0.93 |
| 2026-02-27 | Harmonised Inflation Rate YoY | 2.5 | 2.3 | -0.250 | Low | -0.92 |
| 2026-03-04 | Tourist Arrivals YoY | 1.2 | 1.0 | +0.221 | Low | +0.91 |
| 2026-04-01 | New Car Sales YoY | 11.7 | 8.0 | +0.112 | Low | +0.88 |
| 2026-04-01 | New Car Sales YoY | 11.7 | 8.0 | +0.112 | Low | +0.88 |
| 2026-02-27 | Inflation Rate YoY | 2.3 | 2.2 | -0.102 | Medium | -0.75 |
| 2026-05-04 | New Car Sales YoY | 8.4 | 7.1 | +0.044 | Low | +0.75 |
| 2026-04-14 | Inflation Rate YoY | 3.4 | 3.3 | -0.068 | Low | -0.72 |
| 2026-03-05 | Industrial Production YoY | 0.3 | 1.7 | -0.169 | Low | -0.71 |
| 2026-03-02 | Manufacturing PMI | 50.0 | 50.1 | -0.081 | Medium | -0.63 |
| 2026-03-02 | S&P Global Manufacturing PMI | 50.0 | 50.1 | -0.074 | Medium | -0.59 |
| 2026-03-02 | S&P Global Manufacturing PMI | 50.0 | 49.9 | +0.075 | Medium | +0.59 |
| 2026-04-30 | Current Account | 4.04 | 3.0 | +0.038 | Low | +0.58 |
| 2026-04-30 | Current Account | 4.04 | 3.0 | +0.038 | Low | +0.58 |
| 2026-02-26 | Business Confidence | -2.6 | -3.2 | +0.078 | Medium | +0.56 |
| 2026-05-19 | Balance of Trade | -4.4 | -5.6 | +0.012 | Medium | +0.55 |
| 2026-03-23 | Balance of Trade | -4.0 | -6.4 | +0.020 | Medium | +0.26 |
| 2026-04-21 | Balance of Trade | -3.3 | -2.8 | -0.010 | Medium | -0.24 |
| 2026-02-25 | Producer Price Index YoY | -2.9 | -3.2 | -0.045 | Low | -0.16 |
| 2026-03-11 | Retail Sales YoY | 4.0 | 4.2 | -0.020 | Low | -0.10 |
| 2026-03-31 | Current Account | 2.73 | 2.9 | -0.006 | Low | -0.05 |
| 2026-02-27 | Current Account | 1.8 | 2.0 | -0.011 | Low | -0.04 |
| 2026-03-13 | Core Inflation Rate YoY | 2.7 | 2.7 | -0.000 | Low | -0.00 |
| 2026-03-13 | CPI YoY | 2.7 | 2.7 | -0.000 | Low | -0.00 |
| 2026-03-13 | HICP MoM | 0.4 | 0.4 | -0.000 | Low | -0.00 |
| 2026-03-13 | Harmonised Inflation Rate MoM | 0.4 | 0.4 | -0.000 | Low | -0.00 |
| 2026-03-13 | CPI | 2.7 | 2.7 | -0.000 | Low | -0.00 |
| 2026-03-13 | HICP YoY | 2.5 | 2.5 | -0.000 | Medium | -0.00 |
| 2026-03-13 | Inflation Rate MoM | 0.4 | 0.4 | -0.000 | Low | -0.00 |
| 2026-03-13 | Harmonised Inflation Rate YoY | 2.5 | 2.5 | -0.000 | Low | -0.00 |
| 2026-03-13 | Inflation Rate YoY | 2.3 | 2.3 | -0.000 | Low | -0.00 |
| 2026-03-13 | CPI MoM | 0.4 | 0.4 | -0.000 | Low | -0.00 |
| 2026-03-26 | GDP Growth Rate QoQ | 0.8 | 0.8 | +0.000 | Low | +0.00 |
| 2026-03-26 | Gross Domestic Product QoQ | 0.8 | 0.8 | +0.000 | Medium | +0.00 |
| 2026-03-27 | Core Inflation Rate YoY | 2.7 | 2.7 | -0.000 | Low | -0.00 |
| 2026-04-29 | HICP YoY | 3.5 | 3.5 | -0.000 | Medium | -0.00 |
| 2026-04-29 | Harmonised Inflation Rate YoY | 3.5 | 3.5 | -0.000 | Low | -0.00 |
| 2026-04-30 | Gross Domestic Product YoY | 2.7 | 2.7 | +0.000 | Low | +0.00 |
| 2026-04-30 | GDP Growth Rate YoY | 2.7 | 2.7 | +0.000 | High | +0.00 |
| 2026-05-14 | Inflation Rate YoY | 3.2 | 3.2 | -0.000 | Low | -0.00 |
| 2026-05-14 | Core Inflation Rate YoY | 2.8 | 2.8 | -0.000 | Low | -0.00 |
| 2026-05-14 | Harmonised Inflation Rate YoY | 3.5 | 3.5 | -0.000 | Low | -0.00 |
| 2026-05-14 | HICP MoM | 0.7 | 0.7 | -0.000 | Low | -0.00 |
| 2026-05-14 | Inflation Rate MoM | 0.4 | 0.4 | -0.000 | Low | -0.00 |
| 2026-05-14 | Harmonised Inflation Rate MoM | 0.7 | 0.7 | -0.000 | Low | -0.00 |
| 2026-05-14 | CPI MoM | 0.4 | 0.4 | -0.000 | Low | -0.00 |
| 2026-05-14 | HICP YoY | 3.5 | 3.5 | -0.000 | Medium | -0.00 |
| 2026-05-14 | CPI YoY | 3.2 | 3.2 | -0.000 | Medium | -0.00 |