The IHS Markit Spain Manufacturing PMI rose to 59.4 in May of 2021 from 57.7 in the prior month and slightly below market expectations of 59.5. The latest reading pointed to the fourth consecutive month of growth in factory activity and at the fastest pace since May of 1998. New orders, exports and output increased sharply, amid reports of surging demand, both from at home and abroad. Also, backlogs of work rose at a record pace, which prompted companies to hire more workers. Meanwhile, supply-side constraints intensified as sharply rising demand for inputs led to acute product shortages and considerable inflationary pressures. As a result, both input and output prices rose at record rates. source: Markit Economics

Manufacturing PMI in Spain averaged 50.59 points from 2011 until 2021, reaching an all time high of 59.40 points in May 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 June of 2021.

Manufacturing PMI in Spain is expected to be 54.00 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 53.70 in 12 months time. In the long-term, the Spain Manufacturing PMI is projected to trend around 54.40 points in 2022 and 53.40 points in 2023, according to our econometric models.

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Spain Manufacturing PMI

Actual Previous Highest Lowest Dates Unit Frequency
59.40 57.70 59.40 30.80 2011 - 2021 points Monthly
SA


News Stream
Spain Factory Activity Growth Quickens to 23-Year High
The IHS Markit Spain Manufacturing PMI rose to 59.4 in May of 2021 from 57.7 in the prior month and slightly below market expectations of 59.5. The latest reading pointed to the fourth consecutive month of growth in factory activity and at the fastest pace since May of 1998. New orders, exports and output increased sharply, amid reports of surging demand, both from at home and abroad. Also, backlogs of work rose at a record pace, which prompted companies to hire more workers. Meanwhile, supply-side constraints intensified as sharply rising demand for inputs led to acute product shortages and considerable inflationary pressures. As a result, both input and output prices rose at record rates.
2021-06-01
Spain Factory Activity Growth Strongest since 1999
The IHS Markit Spain Manufacturing PMI rose to 57.7 in April of 2021 from 56.9 in the prior month, although below market expectations of 59. The latest reading pointed to the third consecutive month of growth in factory activity and at the fastest pace since December of 1999. New orders, exports, output and employment increased sharply, helped by the gradual reopening of economies around the world. Purchasing activity also went up strongly as firms anticipated ongoing product shortages and sought to boost buffer stocks. Still, severe supply-side constraints persisted amid ongoing product shortages at vendors and transportation challenges. This was reflected in another severe and historically sharp lengthening of vendor delivery times alongside steep increases in input costs and output charges. Looking forward, business sentiment remained historically high, amid expectations of a firm uplift in activity as COVID-19 restrictions are reduced.
2021-05-03
Spain Manufacturing PMI Rises to Highest Since 2006
The IHS Markit Spain Manufacturing PMI rose to 56.9 in March of 2021 from 52.9 in the previous month and above market expectations of 56. The latest reading pointed to the fastest expansion in factory activity since December 2006. Production increased to the fastest degree since December 2017, whilst the rise in overall new orders was the sharpest in over four years. New export orders rose in March to the greatest degree since February 2018 and employment rose for the first time in five months, as firms struggled to keep on top of workloads. However, there were some noticeable challenges for firms to overcome, with delays in the delivery of inputs becoming increasingly acute and prices paid for inputs surging at the strongest rate in the past 10 years. Finally, business optimism was the best since the start of 2018.
2021-04-01
Spain Factory Sector Recovers More than Expected
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.
2021-03-01

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.