HCOB西班牙服务业采购经理人指数从上个月的54.3跃升至2025年10月的56.6,远高于市场预期的54.8,标志着连续第26个月的扩张。最新数据也代表了自2024年12月以来最强劲的增长速度,这是由商业举措、现有合同进展和新工作量增加共同支持的商业活动增加所驱动的。为了应对更大的工作量和持续的产能压力,就业率以自7月以来的最快速度增长,延长了连续三年多的就业创造期。在价格方面,投入成本通胀降至三个月低点,而产出价格通胀明显加速。最后,商业信心增强至3月以来的最高水平,略高于长期平均水平。服务提供商将他们的乐观情绪归因于需求的增长和未来几个月扩大商业运营的计划。
The HCOB Spain Services PMI jumped to 56.6 in October 2025 from 54.3 in the previous month, well above market expectations of 54.8, and marked the 26th consecutive month of expansion. The latest figure also represented the strongest growth pace since December 2024, driven by increased business activity supported by a combination of commercial initiatives, progress on existing contracts, and higher volumes of new work. In response to greater workloads and sustained capacity pressures, employment rose at the fastest pace since July, extending a more than three-year period of continuous job creation. On the price front, input cost inflation eased to a three-month low, whereas output price inflation accelerated markedly. Finally, business confidence strengthened to its highest level since March, remaining slightly above its long-term average. Service providers attributed their optimism to rising demand and plans to expand commercial operations in the coming months.