Spanish Manufacturing PMI increased in September

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Monday, Oct 02 2017

Spanish Manufacturing PMI increased in September

Growth picked up in the Spanish manufacturing sector during September amid improvements in client demand. This reversed the recent trend of weaker improvements in business conditions. New orders, output and employment all rose at sharper rates during the month. Supply chains continued to be strained, with shortages of raw materials leading to longer delivery times and strengthening cost inflation.

New orders rose at a solid pace in September, with the rate of growth quickening from August’s 12-month low. Panellists reported stronger client demand, with some highlighting improving new export business. New orders from abroad increased sharply during the month.

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