At 54.0, the headline PMI signalled a solid monthly improvement in the health of the manufacturing sector. That said, the reading was down from 54.7 in June and pointed to the weakest improvement in business conditions since March. The rate of expansion in total new orders eased for the second month running in July and was the slowest since September 2016. In contrast, new export orders rose at a sharp and accelerated pace.
Spanish Manufacturing PMI fell to 54.0
Spanish manufacturing firms raised employment at the fastest pace in over 19 years during July as production requirements continued to rise. This was despite slower increases in both output and new orders during the month. Meanwhile, the recent run of easing inflationary pressures came to an end, with faster increases in both input costs and output prices signalled.
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