The IHS Markit Spain Manufacturing PMI rose to 52.5 in October 2020 from 50.8 in the previous month and beating market expectations of 51. The reading pointed the second successive expansion in the factory sector supported by a faster gain in output and a return to growth of new orders. Production increased mainly driven by a rise in new orders amid reports that demand was generally firmer, albeit still limited to a degree by the ongoing challenges related to coronavirus pandemic. At the same time, export sales advanced amid improved demand from within Europe and North Africa, and employment increased for the second straight month. On the price front, input prices continued to increase, but only modestly, while output charges extended its current period of deflation to 14 months. Lastly, sentiment improved to an eight-month high boosted by hopes that COVID-19 will have been brought fully under control by this time next year, and that a strong economic recovery will be under way. source: Markit Economics

Manufacturing PMI in Spain averaged 50.39 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 November of 2020.

Manufacturing PMI in Spain is expected to be 47.00 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 53.40 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.

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Spain Manufacturing PMI

Actual Previous Highest Lowest Dates Unit Frequency
52.50 50.80 56.10 30.80 2011 - 2020 points Monthly
SA


News Stream
Spain Factory Activity Grows More than Expected
The IHS Markit Spain Manufacturing PMI rose to 52.5 in October 2020 from 50.8 in the previous month and beating market expectations of 51. The reading pointed the second successive expansion in the factory sector supported by a faster gain in output and a return to growth of new orders. Production increased mainly driven by a rise in new orders amid reports that demand was generally firmer, albeit still limited to a degree by the ongoing challenges related to coronavirus pandemic. At the same time, export sales advanced amid improved demand from within Europe and North Africa, and employment increased for the second straight month. On the price front, input prices continued to increase, but only modestly, while output charges extended its current period of deflation to 14 months. Lastly, sentiment improved to an eight-month high boosted by hopes that COVID-19 will have been brought fully under control by this time next year, and that a strong economic recovery will be under way.
2020-11-02
Spain Factory Activity Grows Marginally
The IHS Markit Spain Manufacturing PMI increased to 50.8 in September of 2020 from 49.9 in the previous month and above market expectations of 50.5. Spain’s manufacturing sector returned to growth during September amid a rise in output and a stabilisation of employment. However, new orders continued to fall, despite a pick-up in exports, and firms remained in a relatively cautious mood given the uncertain near-term outlook. Inventories and purchasing continued to be cut amid worries about cashflow. Finally, output expectations improved to their highest in seven months.
2020-10-01
Spain Manufacturing Recovery Stalls in August
The IHS Markit Spain Manufacturing PMI fell to 49.9 in August 2020 from 53.5 in the previous month and well below market expectations of 52.8. The latest reading suggested the recovery in Spain's manufacturing sector stalled after a short-lived rebound a month earlier amid a resurgence in COVID-19 cases. Output rose at a slower pace and new orders were broadly unchanged, with export sales falling slightly. Employment declined for a 16th consecutive month and backlogs of work decreased sharply, and to a greater extent than in July. On the price front, input costs rose for the first time in 15 months, while selling prices continued to fall. Looking ahead, business sentiment hit a six-month high amid hopes of gradual improvements in demand over the coming year.
2020-09-01
Spain Factory Activity Back to Expansion
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.
2020-08-03

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.