The IHS Markit Spain Manufacturing PMI decreased to 49.8 in November of 2020 from 52.5 in the previous month and below market expectations of 50.5. The reading pointed to the first deterioration in operating conditions for three months. Production fell slightly, whilst the lack of new work led to a reduction in staffing levels. However, firms were on average confident that output will pick up over the coming 12 months, signaling their highest degree of optimism for over a year-and-a-half. source: Markit Economics
Manufacturing PMI in Spain averaged 50.39 points from 2011 until 2020, reaching an all time high of 56.10 points in November of 2017 and a record low of 30.80 points in April of 2020. This page provides the latest reported value for - Spain Manufacturing PMI - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Spain Manufacturing PMI - data, historical chart, forecasts and calendar of releases - was last updated on December of 2020.
Manufacturing PMI in Spain is expected to be 47.00 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Manufacturing PMI in Spain to stand at 53.40 in 12 months time. In the long-term, the Spain Manufacturing PMI is projected to trend around 51.50 points in 2021 and 53.40 points in 2022, according to our econometric models.