The IHS Markit Spain Manufacturing PMI fell to 59 in July of 2021 from 60.4 in the previous month, below market expectations of 59.5. The latest reading pointed to the weakest expansion in factory activity since April but nonetheless indicates another strong improvement in operating conditions. Growth has now been recorded for six months in succession. Production and new order book growth remained considerable and international sales were also noticeably higher, with growth the best in over three-and-a-half years. Latest data showed that lead times for the delivery of inputs lengthened to the third greatest degree in the survey history. Jobs were added at a decent rate, with firms scrambling to bolster production capabilities to match workloads. Finally, business sentiment remained comfortably in positive territory despite dropping to a half-year low. source: Markit Economics
Manufacturing PMI in Spain averaged 50.74 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 August of 2021.
Manufacturing PMI in Spain is expected to be 55.40 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.