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.

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Spain Manufacturing PMI

Actual Previous Highest Lowest Dates Unit Frequency
59.50 59.00 60.40 30.80 2011 - 2021 points Monthly
SA


News Stream
Spain Factory Activity Growth Beats Forecast
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.
2021-09-01
Spain Factory Activity Growth Below Expectations
The IHS Markit Spain Manufacturing PMI fell to 59 in July of 2021 from 60.4 in the previous month, below market expectations of 59.5. The latest reading pointed to the weakest expansion in factory activity since April but nonetheless indicates another strong improvement in operating conditions. Growth has now been recorded for six months in succession. Production and new order book growth remained considerable and international sales were also noticeably higher, with growth the best in over three-and-a-half years. Latest data showed that lead times for the delivery of inputs lengthened to the third greatest degree in the survey history. Jobs were added at a decent rate, with firms scrambling to bolster production capabilities to match workloads. Finally, business sentiment remained comfortably in positive territory despite dropping to a half-year low.
2021-08-02
Spain Factory Activity Growth Hits Fresh 2-Decade High
The IHS Markit Spain Manufacturing PMI rose to 60.4 in June of 2021 from 59.4 in the prior month and beating market expectations of 59.3. The latest reading pointed to the fifth consecutive month of growth in factory activity and at the fastest pace since April of 1998. New orders, output and purchasing activity increased sharply, amid widespread reports of firmer demand, especially from sectors related to hospitality. Backlogs of work also hit a new survey record, which encouraged firms to take on additional staff at the fastest rate since February 2018. Meanwhile, supply-side constraints persisted with panellists citing a considerable excess of demand over supply on global product markets, especially for metals and electronics components. As a result, both input prices and output charges hit new record highs. Finally, business sentiment remained comfortably inside positive territory during June.
2021-07-01
Spain Factory Activity Growth Quickens to 23-Year High
The IHS Markit Spain Manufacturing PMI rose to 59.4 in May of 2021 from 57.7 in the prior month and slightly below market expectations of 59.5. The latest reading pointed to the fourth consecutive month of growth in factory activity and at the fastest pace since May of 1998. New orders, exports and output increased sharply, amid reports of surging demand, both from at home and abroad. Also, backlogs of work rose at a record pace, which prompted companies to hire more workers. Meanwhile, supply-side constraints intensified as sharply rising demand for inputs led to acute product shortages and considerable inflationary pressures. As a result, both input and output prices rose at record rates.
2021-06-01

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.