The IHS Markit Spain Manufacturing PMI rose to 48.8 in August 2019 from 48.2 in the prior month and slightly above market expectations of 48.5. The reading pointed to the third consecutive month of contraction in manufacturing activity. Output fell the most since May 2013 as firms intended to use existing inventories; and new orders posted a fourth straight monthly decline. Subsequently, firms continued to cut jobs and inventories. In terms of prices, input costs were down only slightly, while there was no change in output charges. Looking ahead, business confidence improved, but remained at a historically subdued level. Worries over a continuation of the recent subdued demand trend and concerns of a deepening of the current global downturn were reported to have weighed on confidence. Manufacturing PMI in Spain is reported by Markit Economics.

Manufacturing PMI in Spain is expected to be 49.50 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 52.50 in 12 months time. In the long-term, the Spain Manufacturing PMI is projected to trend around 54.00 in 2020, according to our econometric models.

Spain Manufacturing PMI
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Spain Business Last Previous Highest Lowest Unit
Business Confidence 1.40 -2.80 8.50 -39.00 Index Points [+]
Services PMI 54.30 52.90 60.30 36.80 Index Points [+]
Manufacturing PMI 48.80 48.20 56.10 41.10 [+]
Industrial Production 0.80 1.60 13.60 -21.80 percent [+]
Industrial Production Mom -0.40 -0.20 9.30 -12.00 percent [+]
Manufacturing Production -0.40 0.80 13.60 -22.90 percent [+]
Capacity Utilization 80.90 80.50 90.00 68.86 percent [+]
Changes in Inventories 2853.00 2829.00 3104.00 -3179.00 EUR Million [+]
Bankruptcies 1588.00 1648.00 2854.00 11.00 Companies [+]
Total Vehicle Sales 90774.00 116686.00 177375.00 23090.00 [+]
Car Production 2066.00 2314.00 2504.00 139.00 Hundred Units [+]
Car Registrations 118853.00 106256.00 159417.00 3103.00 [+]
Internet Speed 15487.07 15362.73 15487.07 2354.24 KBps [+]
IP Addresses 14575619.00 13803828.00 14855454.00 7640009.00 IP [+]
Mining Production -1.40 -6.90 21.10 -44.90 percent [+]
Steel Production 1100.00 1210.00 1980.00 555.00 Thousand Tonnes [+]
Competitiveness Index 74.20 73.75 74.20 4.49 Points [+]
Competitiveness Rank 26.00 25.00 42.00 25.00 [+]
Ease of Doing Business 30.00 28.00 62.00 28.00 [+]
Electricity Production 25095.00 22069.00 27405.00 20466.00 Gigawatt-hour [+]
Corruption Index 58.00 57.00 71.00 43.10 Points [+]
Corruption Rank 41.00 42.00 42.00 20.00 [+]
Factory Orders 0.90 -2.00 25.60 -33.70 percent [+]


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. 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 - actual data, historical chart and calendar of releases - was last updated on September of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
48.80 48.20 56.10 41.10 2011 - 2019 Monthly
SA




Country Last Previous
Australia 53.10 Aug/19
Brazil 52.50 Aug/19
Canada 49.10 Aug/19
China 50.40 Aug/19
Euro Area 47.00 Aug/19
France 51.10 Aug/19
Germany 43.50 Aug/19
India 51.40 Aug/19
Indonesia 49.00 Aug/19
Italy 48.70 Aug/19
Japan 49.30 Aug/19
Mexico 49.00 Aug/19
Netherlands 51.60 Aug/19
Russia 49.10 Aug/19
Saudi Arabia 57.00 Aug/19
Singapore 49.90 Aug/19
South Africa 45.70 Aug/19
South Korea 49.00 Aug/19
Spain 48.80 Aug/19
Switzerland 47.20 Aug/19
Turkey 48.00 Aug/19
United Kingdom 47.40 Aug/19
United States 50.30 Aug/19


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