Growth across a number of variables eased slightly from the previous month, but rates of expansion remained sharp. This was the case with output, new orders and employment. Manufacturing production increased for the forty- third consecutive month. Rises in output were recorded across each of the three broad sectors covered, led by consumer goods.
Spanish Manufacturing PMI declined to 54.7
The Spanish manufacturing sector completed a strong second quarter of the year in June, with growth of output, new orders and employment remaining elevated. Higher output requirements led firms to increase their purchasing activity at the strongest pace so far this year. At 54.7, the headline PMI signalled a marked monthly improvement in business conditions in the Spanish manufacturing sector. The reading was only slightly below that of May (55.4), while the average for the second quarter of the year was broadly in line with the first quarter.
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