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.