The IHS Markit Spain Manufacturing PMI fell to 49.9 in February 2019 from 52.4 in the previous month and below market expectations of 51.7. The reading pointed to the first contraction in the factory activity since November 2013, as new orders fell for the first time since July 2016, mainly due to weak demand in European countries and a decline in sales to China. Also, output advanced marginally and at a softer pace; backlogs of work declined for a second month in the past three and employment was unchanged amid worries over the downward trend in new work. Additionally, manufacturers reduce their inventories of finished goods markedly due to the decrease in demand. On the price front, input and output prices slowed driven by lower cost of oil-based products. Finally, business confidence dropped to a three-month low amid worries regarding new export orders. Manufacturing PMI in Spain is reported by Markit Economics.

Manufacturing PMI in Spain is expected to be 50.70 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 52.30 in 12 months time. In the long-term, the Spain Manufacturing PMI is projected to trend around 54.00 in 2020, according to our econometric models.

Spain Manufacturing PMI
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Spain Business Last Previous Highest Lowest Unit
Business Confidence -4.90 -4.30 8.50 -39.00 Index Points [+]
Services PMI 54.50 54.70 60.30 36.80 Index Points [+]
Manufacturing PMI 49.90 52.40 56.10 41.10 [+]
Industrial Production 2.40 -5.90 13.60 -21.70 percent [+]
Industrial Production Mom 3.40 -1.20 9.30 -12.00 percent [+]
Manufacturing Production 0.70 -2.60 13.70 -22.90 percent [+]
Capacity Utilization 80.59 78.50 90.00 68.86 percent [+]
Changes in Inventories 2096.00 2177.00 2230.00 -3402.00 EUR Million [+]
Bankruptcies 1489.00 1079.00 2854.00 11.00 Companies [+]
Total Vehicle Sales 100701.00 93546.00 177375.00 23090.00 [+]
Car Production 1823.00 1126.00 2504.00 139.00 Hundred Units [+]
Car Registrations 108050.00 114064.00 153732.00 3103.00 [+]
Internet Speed 15487.07 15362.73 15487.07 2354.24 KBps [+]
IP Addresses 14575619.00 13803828.00 14855454.00 7640009.00 IP [+]
Mining Production -6.00 -14.90 21.10 -44.90 percent [+]
Steel Production 1180.00 1085.00 1980.00 555.00 Thousand Tonnes [+]
Competitiveness Index 74.20 73.75 74.20 4.49 Points [+]
Competitiveness Rank 26.00 25.00 42.00 25.00 [+]
Ease of Doing Business 30.00 28.00 62.00 28.00 [+]
Electricity Production 26087.00 22985.00 27405.00 20466.00 Gigawatt-hour [+]
Corruption Index 58.00 57.00 71.00 43.10 Points [+]
Corruption Rank 41.00 42.00 42.00 20.00 [+]
Factory Orders -0.70 -2.60 25.40 -33.70 percent [+]


Spain Manufacturing PMI

The Markit Spain Manufacturing Purchasing Managers’ Index measures the performance of the manufacturing sector and is derived from a survey of 400 industrial companies. The Manufacturing Purchasing Managers Index is based on five individual indexes with the following weights: New Orders (30 percent), Output (25 percent), Employment (20 percent), Suppliers’ Delivery Times (15 percent) and Stock of Items Purchased (10 percent), with the Delivery Times index inverted so that it moves in a comparable direction. A reading above 50 indicates an expansion of the manufacturing sector compared to the previous month; below 50 represents a contraction; while 50 indicates no change. 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 - actual data, historical chart and calendar of releases - was last updated on March of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
49.90 52.40 56.10 41.10 2011 - 2019 Monthly
SA




Country Last Previous
Australia 54.00 Feb/19
Brazil 53.40 Feb/19
Canada 52.60 Feb/19
China 49.90 Feb/19
Euro Area 47.60 Mar/19
France 49.80 Mar/19
Germany 44.70 Mar/19
India 54.30 Feb/19
Indonesia 50.10 Feb/19
Italy 47.70 Feb/19
Japan 48.90 Mar/19
Mexico 52.60 Feb/19
Netherlands 52.70 Feb/19
Russia 50.10 Feb/19
Saudi Arabia 56.60 Feb/19
Singapore 50.40 Feb/19
South Africa 46.20 Feb/19
South Korea 47.20 Feb/19
Spain 49.90 Feb/19
Switzerland 55.40 Feb/19
Turkey 46.40 Feb/19
United Kingdom 52.00 Feb/19
United States 52.50 Mar/19


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