The IHS Markit Spain Manufacturing PMI rose to 56.9 in March of 2021 from 52.9 in the previous month and above market expectations of 56. The latest reading pointed to the fastest expansion in factory activity since December 2006. Production increased to the fastest degree since December 2017, whilst the rise in overall new orders was the sharpest in over four years. New export orders rose in March to the greatest degree since February 2018 and employment rose for the first time in five months, as firms struggled to keep on top of workloads. However, there were some noticeable challenges for firms to overcome, with delays in the delivery of inputs becoming increasingly acute and prices paid for inputs surging at the strongest rate in the past 10 years. Finally, business optimism was the best since the start of 2018. source: Markit Economics
Manufacturing PMI in Spain averaged 50.46 points from 2011 until 2021, reaching an all time high of 56.90 points in March 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 April of 2021.
Manufacturing PMI in Spain is expected to be 54.00 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Manufacturing PMI in Spain to stand at 53.70 in 12 months time. In the long-term, the Spain Manufacturing PMI is projected to trend around 54.40 points in 2022 and 53.40 points in 2023, according to our econometric models.