The IHS Markit Spain Manufacturing PMI fell to 58.1 in September of 2021 from 59.5 in August, slightly below market expectations of 58.2. Still, the reading pointed to the eighth month in a row that an improvement in operating conditions has been registered and was not far from June's reading of 60.4, which was the highest in more than two decades. Output and new orders growth rates softened, as supply-chain disruptions and raw material scarcity weighed on the sector. Jobs continued to be created as capacity constraints persisted, reflected by a steep increase in backlogs of work, with growth at a three-month high. At the same time, firms continued to raise their own purchasing activity markedly. On the price front, input prices again rose at a remarkably elevated pace. Looking forward, business confidence hit a three-month high, supported by positive projections for order books, an end to the pandemic and the planned launch of new products. source: Markit Economics

Manufacturing PMI in Spain averaged 50.87 points from 2011 until 2021, 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 October of 2021.

Manufacturing PMI in Spain is expected to be 59.10 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 54.40 points in 2022 and 53.40 points in 2023, according to our econometric models.

Ok
The Trading Economics Application Programming Interface (API) provides direct access to our data. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds.

API Features Documentation Interested? Click here to contact us
Please Paste this Code in your Website
width
height
 Preview
Spain Manufacturing PMI


News Stream
Spain Factory Activity Growth Remains Solid
The IHS Markit Spain Manufacturing PMI fell to 58.1 in September of 2021 from 59.5 in August, slightly below market expectations of 58.2. Still, the reading pointed to the eighth month in a row that an improvement in operating conditions has been registered and was not far from June's reading of 60.4, which was the highest in more than two decades. Output and new orders growth rates softened, as supply-chain disruptions and raw material scarcity weighed on the sector. Jobs continued to be created as capacity constraints persisted, reflected by a steep increase in backlogs of work, with growth at a three-month high. At the same time, firms continued to raise their own purchasing activity markedly. On the price front, input prices again rose at a remarkably elevated pace. Looking forward, business confidence hit a three-month high, supported by positive projections for order books, an end to the pandemic and the planned launch of new products.
2021-10-01
Spain Factory Activity Growth Beats Forecast
The IHS Markit Spain Manufacturing PMI ticked up to 59.5 in August of 2021 from 59.0 in July, easily beating market expectations of 58.9. The reading signalled a further marked improvement in the health of the sector, extending the current period of growth to seven months. Moreover, the strengthening of business conditions was among the most marked since the survey began in February 1998. A further improvement in demand supported strong growth in new orders and production during August, with Spanish manufacturers posting a near-record rise in output. As a result, firms took on extra staff at a faster pace and ramped up their purchasing activity. That said, supply-chain disruption remained severe, contributing to further steep rises in input costs and selling prices. Some firms attempted to mitigate these issues by building stocks of purchases. Concerns around raw material supply contributed to business confidence easing to a nine-month low.
2021-09-01
Spain Factory Activity Growth Below Expectations
The IHS Markit Spain Manufacturing PMI fell to 59 in July of 2021 from 60.4 in the previous month, below market expectations of 59.5. The latest reading pointed to the weakest expansion in factory activity since April but nonetheless indicates another strong improvement in operating conditions. Growth has now been recorded for six months in succession. Production and new order book growth remained considerable and international sales were also noticeably higher, with growth the best in over three-and-a-half years. Latest data showed that lead times for the delivery of inputs lengthened to the third greatest degree in the survey history. Jobs were added at a decent rate, with firms scrambling to bolster production capabilities to match workloads. Finally, business sentiment remained comfortably in positive territory despite dropping to a half-year low.
2021-08-02

Spain Last Unit Reference Previous Highest Lowest
Services PMI 56.90 points Sep/21 60.10 62.50 7.10
Manufacturing PMI 58.10 points Sep/21 59.50 60.40 30.80
Composite Pmi 57.00 points Sep/21 60.60 62.40 9.20


Spain Manufacturing PMI
The Markit 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.