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.