The IHS Markit Spain Manufacturing PMI rose to 52.9 in February of 2021 from 49.3 in January and beating market expectations of 52. The latest reading pointed to the strongest expansion in the country's manufacturing sector since July. Increases were seen in new orders, export orders and output, amid improved market demand, with firms in some cases noting a resumption of investment activity and new product releases as supportive growth factors. Meanwhile, staffing levels were reduced slightly, extending the current period of contraction to four months. On the price front, input price inflation was the steepest in nearly four years, amid higher prices of some inputs including paper, metals (especially steel), foodstuffs and oil-related items. Meantime, manufacturers raised their own charges to the greatest extent since June 2018, as a result of improving market demand. Finally, business sentiment was at its highest level since March 2018. source: Markit Economics
Manufacturing PMI in Spain averaged 50.40 points from 2011 until 2021, 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 March of 2021.
Manufacturing PMI in Spain is expected to be 50.80 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 51.50 in 12 months time. In the long-term, the Spain Manufacturing PMI is projected to trend around 53.40 points in 2022, according to our econometric models.