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.