The HCOB Spain Manufacturing PMI rose to 49.2 in January 2024 from 46.2 in the previous month, coming above market forecasts of 48. It marked the 10th consecutive period of contraction but the less pronounced in the sequence, as the rate of decline in both output and new orders were significantly slower and was the softest since June 2023. Similarly, new export orders decreased to a lesser extent. Meanwhile, firms remained cautious when it came to purchasing activities and employment decisions, leading both indicators to continually fall at the start of the year. On prices, further declines in input and output costs were recorded, as soft demand in global markets continued to weigh. Despite subdued market conditions and concerns over emerging supply-side shortages, Spanish manufacturers signaled a noticeable improvement in business confidence, mainly due to expectations of the release of new products, organic business growth and uplift demand over the next 12 months. source: S&P Global
Manufacturing PMI in Spain increased to 49.20 points in January from 46.20 points in December of 2023. Manufacturing PMI in Spain averaged 50.75 points from 2011 until 2024, reaching an all time high of 60.40 points in June of 2021 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 February of 2024.
Manufacturing PMI in Spain increased to 49.20 points in January from 46.20 points in December of 2023. Manufacturing PMI in Spain is expected to be 49.70 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Spain Manufacturing PMI is projected to trend around 51.00 points in 2025, according to our econometric models.