Spain Manufacturing PMI2011-2020 Data | 2021-2022 Forecast | Calendar | Historical

The IHS Markit Spain Manufacturing PMI rose to 53.5 in July 2020 from 49 in the previous month and beating market expectations of 52. The latest reading pointed to the first expansion in factory activity in five months and the sharpest since April 2018, as businesses continued to resume operations following coronavirus lockdown restrictions. Output and new orders returned to growth for the first time since February. Export sales increased for the first time in over a year and firms rose their purchasing activity, reflecting higher demand and production requirements. Meanwhile, employment dropped for the fifteenth straight month. On the price front, input prices continued to fall and output charges declined for the eleventh consecutive month. Finally, sentiment remain positive for the second successive month amid expectations that the recovery will be sustained over the coming year.

The IHS Markit Spain Manufacturing PMI increased to 49 in June of 2020 from 38.3 in the previous month, beating market expectations of 45.1. The latest reading pointed to the fourth successive month of contraction but the softest since February. Both production and new orders continued to fall in June, albeit at much slower rates. Employment was cut at a rate that remained amongst the sharpest seen since the height of the global financial crisis in 2009, as plants were not operating at full capacity and choosing to limit working hours given the still weak trend in demand. On the price front, input costs fell for a thirteenth successive month and output prices reduced for a tenth month in succession. Finally, confidence about the future strengthened and returned to positive territory during June, on hopes that the continued easing of lockdown measures and reopening of businesses will lead to an increase in demand during the coming months.

The IHS Markit Spain Manufacturing PMI increased to 38.3 in May of 2020 from 30.8 in the previous month which was the lowest reading since December of 2008. It compares with market forecasts of 38. Spain’s manufacturing economy remained deep inside contraction territory during May. Although rates of decline in output, new orders, exports and purchasing all eased on April’s series records, ongoing restrictions on economic activity related to the global coronavirus disease continued to weigh on sector performance. Pessimism about the future also remained apparent, despite easing noticeably since April’s survey record. Firms remained worried about the longer-term impact on revenues, incomes and demand of the COVID-19 pandemic.

The IHS Markit Spain Manufacturing PMI declined to 30.8 in April 2020 from 45.7 in the previous month and missing market expectations of 34. The latest reading pointed to the sharpest contraction in factory activity since December 2008, as output, new orders, export sales and purchasing activity dropped at the fastest pace on record as the coronavirus pandemic hit the economy. The job shedding rate accelerated to its quickest since the global financial crisis in 2008. On the price front, deflationary pressures were apparent during April, with firms signalling concurrent falls in both input and output prices. The decline in input charges was the greatest in over four years mostly due to lower prices of metals and oil-related products, and output price deflation was the steepest since series began. Finally, confidence over the coming 12 months deteriorated to its lowest on record amid worries about the longer-term impact on demand and economic activity of the coronavirus pandemic.