The IHS Markit Spain Manufacturing PMI fell to 56.2 in December 2021 from 57.1 in the previous month, signaling the slowest growth rate in the sector since February. New orders rose for an eleventh successive month, but the rate of increase eased to a 10-month low amid some reports that higher prices were having an adverse effect on sales levels. Still, output expanded at slightly faster pace and employment continued to increase modestly. On the price front, input costs rose sharply, boosted by raw materials, costs related to energy, electricity, and transportation services. In addition, output charges continued to increase at record rates. Finally, business confidence strengthened from the previous month, as firms are hopeful that production will continue to rise over the coming year. source: Markit Economics

Manufacturing PMI in Spain averaged 51.01 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 January of 2022.

Manufacturing PMI in Spain is expected to be 54.20 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 2023 and 53.40 points in 2024, according to our econometric models.

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Spain Manufacturing PMI


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.
Actual Previous Highest Lowest Dates Unit Frequency
56.20 57.10 60.40 30.80 2011 - 2021 points Monthly
SA

Related Last Previous Unit Reference
Services PMI 55.80 59.80 points Dec/21
Manufacturing PMI 56.20 57.10 points Dec/21
Composite Pmi 55.40 58.30 points Dec/21


News Stream
Spain Manufacturing Growth Eases to 10-Month Low
The IHS Markit Spain Manufacturing PMI fell to 56.2 in December 2021 from 57.1 in the previous month, signaling the slowest growth rate in the sector since February. New orders rose for an eleventh successive month, but the rate of increase eased to a 10-month low amid some reports that higher prices were having an adverse effect on sales levels. Still, output expanded at slightly faster pace and employment continued to increase modestly. On the price front, input costs rose sharply, boosted by raw materials, costs related to energy, electricity, and transportation services. In addition, output charges continued to increase at record rates. Finally, business confidence strengthened from the previous month, as firms are hopeful that production will continue to rise over the coming year.
2022-01-03
Spain Manufacturing PMI at 8-Month Low
The IHS Markit Spain Manufacturing PMI was slightly down to 57.1 in November 2021, from 57.4 in the previous month and below market expectations of 57.9. The latest reading pointed to the slowest pace of expansion in the manufacturing sector since March, tough it remained strong overall, as activity growth slowed amid reports of supply constraints and price pressures. Still, new orders increased again at a sharp rate, while backlogs of work continued to build and the pace of job creation was solid and extended the current run of growth to nine months. Input costs and output charges rose at a record pace, while average lead times for the delivery of inputs lengthened at the sharpest ever rate in nearly 24 years of data collection. Finally, business confidence about the future sank to a 13-month low in November.
2021-12-01
Spain Factory Activity Growth Eases to 7-Month Low
The IHS Markit Spain Manufacturing PMI fell to 57.4 in October 2021, the lowest level since March and below market expectations of 58.1. Still, the latest reading pointed to a ninth successive month of strong growth in the sector. Output and new orders both rose to their weakest degrees since February amid reports of severe and unprecedented delays in input deliveries, ongoing supply disruptions, and logistical challenges, especially with sea freight. At the same time, the pace of job creation slowed to an eight-month low, while backlogs of work rose sharply. On the price front, input costs and output charges rose at a new survey record rates. Looking ahead, business sentiment softened since September.
2021-11-02