The S&P Global Spain Manufacturing PMI fell to 48.7 in July of 2022 from 52.6 in June, pointing to the first contraction in factory activity since January last year and the biggest since May of 2020, compared to market forecasts of 50.2. The decline largely reflected a considerable drop in new orders as demand softened at a time of severe inflationary pressures and broad-based economic uncertainty. Output and employment also fell, whilst expectations for production slumped to a level broadly on par with March, when confidence fell following the start of the war in Ukraine There was some positive news however on the price front. Although remaining elevated, cost inflation was the lowest in 17 months as supply-side difficulties showed further signs of dissipating. source: Markit Economics

Manufacturing PMI in Spain averaged 51.14 points from 2011 until 2022, reaching an all time high of 60.40 points in June of 2021 and a record low of 30.80 points in April of 2020. This page provides the latest reported value for - Spain Manufacturing PMI - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Spain Manufacturing PMI - data, historical chart, forecasts and calendar of releases - was last updated on August of 2022.

Manufacturing PMI in Spain is expected to be 54.60 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Spain Manufacturing PMI is projected to trend around 53.80 points in 2023 and 53.40 points in 2024, according to our econometric models.

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Spain Manufacturing PMI



Related Last Previous Unit Reference
Services PMI 53.80 54.00 points Jul 2022
Manufacturing PMI 48.70 52.60 points Jul 2022
Composite Pmi 52.70 53.60 points Jul 2022

Spain Manufacturing PMI
The S&P Global Spain Manufacturing Purchasing Managers’ Index measures the performance of the manufacturing sector and is derived from a survey of 400 industrial companies. The Manufacturing Purchasing Managers Index is based on five individual indexes with the following weights: New Orders (30 percent), Output (25 percent), Employment (20 percent), Suppliers’ Delivery Times (15 percent) and Stock of Items Purchased (10 percent), with the Delivery Times index inverted so that it moves in a comparable direction. A reading above 50 indicates an expansion of the manufacturing sector compared to the previous month; below 50 represents a contraction; while 50 indicates no change.
Actual Previous Highest Lowest Dates Unit Frequency
48.70 52.60 60.40 30.80 2011 - 2022 points Monthly
SA

News Stream
Spain Factory Sector Falls to Start Q3
The S&P Global Spain Manufacturing PMI fell to 48.7 in July of 2022 from 52.6 in June, pointing to the first contraction in factory activity since January last year and the biggest since May of 2020, compared to market forecasts of 50.2. The decline largely reflected a considerable drop in new orders as demand softened at a time of severe inflationary pressures and broad-based economic uncertainty. Output and employment also fell, whilst expectations for production slumped to a level broadly on par with March, when confidence fell following the start of the war in Ukraine There was some positive news however on the price front. Although remaining elevated, cost inflation was the lowest in 17 months as supply-side difficulties showed further signs of dissipating.
2022-08-01
Spanish Factory Activity Grows Less than Expected
The S&P Global Spain Manufacturing PMI fell to 52.6 in June of 2022 from 53.8 in the prior month, but above expectations of 52.1. It marked the 17th consecutive month of growth in Spain’s manufacturing sector, but at the slowest pace in a year and a half. Output rose at a slower pace, extending its deceleration trend, while new orders were marginally lower for a second straight period. Firms cited decreased demand, as the challenging economic conditions pressed both the domestic and the foreign markets. Prices also weighed significantly on demand, with energy and raw materials costs driving producer prices to continue rising, although at a slower pace from last month. In the meantime, employment was seen slightly higher. Looking forward, business confidence improved from May as manufacturers hope to benefit from higher sales in a post pandemic environment.
2022-07-01
Spain Factory Activity Grows More than Expected
The S&P Global Spain Manufacturing PMI rose to 53.8 in May of 2022, rebounding from the 53.3 in the prior month and above market expectations of 52. It marked the 16th consecutive month of growth in Spain’s manufacturing sector. Output showed significant growth, while new orders remained unchanged and export demand was slightly lower from the previous period, largely due to higher inflationary pressure. Manufacturers’ costs increases were driven by raw materials, energy, and food, with significant supply-side challenges remaining amid the war in Ukraine, even though the domestic trucker strikes were a lesser factor. Thus, charge inflation remained considerable and rose for the 16 consecutive month. Meanwhile, employment increased slightly from the previous month. Looking forward, business confidence remained in the positive territory, although inflation worries and geopolitical uncertainties continued to weigh.
2022-06-01