AI Data Insight
The Spain HCOB Services PMI for May 2026 recorded 50.1, a significant rebound from the previous value of 47.9, outperforming the market consensus expectation of 48.0. This data recovery was primarily driven by the rebound in domestic new order demand and steady corporate expansion; however, geopolitical uncertainty and rising energy and labor costs continue to constrain the overall recovery momentum of the industry.