The S&P Global Spain Manufacturing PMI fell to 52.6 in June of 2022 from 53.8 in the prior month, but above expectations of 52.1. It marked the 17th consecutive month of growth in Spain’s manufacturing sector, but at the slowest pace in a year and a half. Output rose at a slower pace, extending its deceleration trend, while new orders were marginally lower for a second straight period. Firms cited decreased demand, as the challenging economic conditions pressed both the domestic and the foreign markets. Prices also weighed significantly on demand, with energy and raw materials costs driving producer prices to continue rising, although at a slower pace from last month. In the meantime, employment was seen slightly higher. Looking forward, business confidence improved from May as manufacturers hope to benefit from higher sales in a post pandemic environment. source: Markit Economics
Manufacturing PMI in Spain averaged 51.16 points from 2011 until 2022, 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 July of 2022.
Manufacturing PMI in Spain is expected to be 54.60 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 53.80 points in 2023 and 53.40 points in 2024, according to our econometric models.