The IHS Markit Spain Manufacturing PMI rose to 53.5 in July 2020 from 49 in the previous month and beating market expectations of 52. The latest reading pointed to the first expansion in factory activity in five months and the sharpest since April 2018, as businesses continued to resume operations following coronavirus lockdown restrictions. Output and new orders returned to growth for the first time since February. Export sales increased for the first time in over a year and firms rose their purchasing activity, reflecting higher demand and production requirements. Meanwhile, employment dropped for the fifteenth straight month. On the price front, input prices continued to fall and output charges declined for the eleventh consecutive month. Finally, sentiment remain positive for the second successive month amid expectations that the recovery will be sustained over the coming year.
Manufacturing PMI in Spain averaged 50.37 points from 2011 until 2020, 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 August of 2020. source: Markit Economics
Manufacturing PMI in Spain is expected to be 42.00 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 54.00 in 12 months time. In the long-term, the Spain Manufacturing PMI is projected to trend around 51.50 points in 2021 and 53.40 points in 2022, according to our econometric models.