Spanish Manufacturing PMI up to 54.5

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Tuesday, May 02 2017

Spanish Manufacturing PMI up to 54.5

The Spanish manufacturing sector experienced a pick-up in growth momentum during April, with faster rises in output, new orders and employment recorded. There were signs of raw material shortages impacting the sector, leading to longer suppliers’ delivery times, higher backlogs of work and a drop in stocks of purchases.

The rate of input cost inflation eased markedly, but output prices rose at a broadly similar pace to March. At 54.5 in April, up from 53.9 in March, the PMI signalled a solid monthly improvement in the health of the manufacturing sector. Business conditions have now strengthened in 41 consecutive months.

More in this category: « RBA left interest rates unchanged UK Manufacturing PMI at a three-year high »

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