The IHS Markit Spain Manufacturing PMI fell to 58.1 in September of 2021 from 59.5 in August, slightly below market expectations of 58.2. Still, the reading pointed to the eighth month in a row that an improvement in operating conditions has been registered and was not far from June's reading of 60.4, which was the highest in more than two decades. Output and new orders growth rates softened, as supply-chain disruptions and raw material scarcity weighed on the sector. Jobs continued to be created as capacity constraints persisted, reflected by a steep increase in backlogs of work, with growth at a three-month high. At the same time, firms continued to raise their own purchasing activity markedly. On the price front, input prices again rose at a remarkably elevated pace. Looking forward, business confidence hit a three-month high, supported by positive projections for order books, an end to the pandemic and the planned launch of new products. source: Markit Economics
Manufacturing PMI in Spain averaged 50.87 points from 2011 until 2021, reaching an all time high of 60.40 points in June 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 October of 2021.
Manufacturing PMI in Spain is expected to be 59.10 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. 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.