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Spanish manufacturing growth continues to ease at end of Q1

Monday, Apr 03 2017
Spanish manufacturing growth continues to ease at end of Q1

Although the Spanish manufacturing sector remained comfortably inside growth territory at the end of the first quarter of the year, there were further signs of a slowdown as output, new orders and employment all rose at weaker rates. There was a pick-up in inflationary pressures, however, with input costs increasing to the greatest extent since April 2011.

The PMI dropped for the second month running in March, posting 53.9 from 54.8 in February. Although still signalling a solid monthly improvement in the health of the sector, the latest strengthening of business conditions was the weakest since last October.

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