The IHS Markit Spain Manufacturing PMI ticked up to 59.5 in August of 2021 from 59.0 in July, easily beating market expectations of 58.9. The reading signalled a further marked improvement in the health of the sector, extending the current period of growth to seven months. Moreover, the strengthening of business conditions was among the most marked since the survey began in February 1998. A further improvement in demand supported strong growth in new orders and production during August, with Spanish manufacturers posting a near-record rise in output. As a result, firms took on extra staff at a faster pace and ramped up their purchasing activity. That said, supply-chain disruption remained severe, contributing to further steep rises in input costs and selling prices. Some firms attempted to mitigate these issues by building stocks of purchases. Concerns around raw material supply contributed to business confidence easing to a nine-month low. source: Markit Economics
Manufacturing PMI in Spain averaged 50.81 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 September of 2021.
Manufacturing PMI in Spain is expected to be 55.40 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 2022 and 53.40 points in 2023, according to our econometric models.