The IHS Markit Spain Manufacturing PMI rose to 57.7 in April of 2021 from 56.9 in the prior month, although below market expectations of 59. The latest reading pointed to the third consecutive month of growth in factory activity and at the fastest pace since December of 1999. New orders, exports, output and employment increased sharply, helped by the gradual reopening of economies around the world. Purchasing activity also went up strongly as firms anticipated ongoing product shortages and sought to boost buffer stocks. Still, severe supply-side constraints persisted amid ongoing product shortages at vendors and transportation challenges. This was reflected in another severe and historically sharp lengthening of vendor delivery times alongside steep increases in input costs and output charges. Looking forward, business sentiment remained historically high, amid expectations of a firm uplift in activity as COVID-19 restrictions are reduced. source: Markit Economics
Manufacturing PMI in Spain averaged 50.52 points from 2011 until 2021, reaching an all time high of 57.70 points in April 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 May 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.