Spain Manufacturing PMI

The IHS Markit Spain Manufacturing PMI fell to 49.9 in February 2019 from 52.4 in the previous month and below market expectations of 51.7. The reading pointed to the first contraction in the factory activity since November 2013, as new orders fell for the first time since July 2016, mainly due to weak demand in European countries and a decline in sales to China. Also, output advanced marginally and at a softer pace; backlogs of work declined for a second month in the past three and employment was unchanged amid worries over the downward trend in new work. Additionally, manufacturers reduce their inventories of finished goods markedly due to the decrease in demand. On the price front, input and output prices slowed driven by lower cost of oil-based products. Finally, business confidence dropped to a three-month low amid worries regarding new export orders. Manufacturing PMI in Spain is reported by Markit Economics.

Manufacturing PMI in Spain is expected to be 50.70 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 52.30 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.

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Spain Business	Last	Previous	Highest	Lowest	Unit
Business Confidence	-4.90	-4.30	8.50	-39.00	Index Points	[+]
Services PMI	54.50	54.70	60.30	36.80	Index Points	[+]
Manufacturing PMI	49.90	52.40	56.10	41.10		[+]
Industrial Production	2.40	-5.90	13.60	-21.70	percent	[+]
Industrial Production Mom	3.40	-1.20	9.30	-12.00	percent	[+]
Manufacturing Production	0.70	-2.60	13.70	-22.90	percent	[+]
Capacity Utilization	80.59	78.50	90.00	68.86	percent	[+]
Changes in Inventories	2096.00	2177.00	2230.00	-3402.00	EUR Million	[+]
Bankruptcies	1489.00	1079.00	2854.00	11.00	Companies	[+]
Total Vehicle Sales	100701.00	93546.00	177375.00	23090.00		[+]
Car Production	1823.00	1126.00	2504.00	139.00	Hundred Units	[+]
Car Registrations	114064.00	113838.00	153732.00	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	-6.00	-14.90	21.10	-44.90	percent	[+]
Steel Production	1180.00	1085.00	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	26087.00	22985.00	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	-1.70	22.10	22.10	-33.60	percent	[+]

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 March of 2019.

	Actual	Previous	Highest	Lowest	Dates	Unit	Frequency
	49.90	52.40	56.10	41.10	2011 - 2019		Monthly	SA

Country	Last		Previous	Range
Australia	54.00	Feb/19	52.5	62.5 : 29.47
Brazil	53.40	Feb/19	52.7	53.5 : 41.6
Canada	52.60	Feb/19	53	57.1 : 47.5
China	49.90	Feb/19	48.3	52.3 : 47.2
Euro Area	49.30	Feb/19	50.5	60.6 : 33.5
France	51.50	Feb/19	51.2	58.8 : 42.7
Germany	47.60	Feb/19	49.7	63.3 : 32
India	54.30	Feb/19	53.9	55 : 47.9
Indonesia	50.10	Feb/19	49.9	58.5 : 46.4
Italy	47.70	Feb/19	47.8	59 : 47.7
Japan	48.90	Feb/19	50.3	56.2 : 29.6
Mexico	52.60	Feb/19	50.9	57.1 : 49.2
Netherlands	52.70	Feb/19	55.1	63.4 : 48
Russia	50.10	Feb/19	50.9	54.7 : 47.6
Saudi Arabia	56.60	Feb/19	56.2	61.8 : 51.4
Singapore	50.40	Feb/19	50.7	53.1 : 48.3
South Africa	46.20	Feb/19	49.9	60.87 : 35.09
South Korea	47.20	Feb/19	48.3	52.6 : 45.7
Spain	49.90	Feb/19	52.4	56.1 : 41.1
Switzerland	55.40	Feb/19	54.3	66.9 : 32.8
Turkey	46.40	Feb/19	44.2	55.7 : 42.7
United Kingdom	52.00	Feb/19	52.6	61.5 : 34.4
United States	53.00	Feb/19	54.9	57.9 : 50.7