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.