The S&P Global Spain Manufacturing PMI rose to 53.8 in May of 2022, rebounding from the 53.3 in the prior month and above market expectations of 52. It marked the 16th consecutive month of growth in Spain’s manufacturing sector. Output showed significant growth, while new orders remained unchanged and export demand was slightly lower from the previous period, largely due to higher inflationary pressure. Manufacturers’ costs increases were driven by raw materials, energy, and food, with significant supply-side challenges remaining amid the war in Ukraine, even though the domestic trucker strikes were a lesser factor. Thus, charge inflation remained considerable and rose for the 16 consecutive month. Meanwhile, employment increased slightly from the previous month. Looking forward, business confidence remained in the positive territory, although inflation worries and geopolitical uncertainties continued to weigh. source: Markit Economics

Manufacturing PMI in Spain averaged 51.15 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 June of 2022.

Manufacturing PMI in Spain is expected to be 54.40 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 53.80 points in 2023 and 53.40 points in 2024, according to our econometric models.

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Spain Manufacturing PMI



Related Last Previous Unit Reference
Services PMI 56.50 57.10 points May 2022
Manufacturing PMI 53.80 53.30 points May 2022
Composite Pmi 55.70 55.70 points May 2022

Spain Manufacturing PMI
The S&P Global 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
53.80 53.30 60.40 30.80 2011 - 2022 points Monthly
SA

News Stream
Spain Factory Activity Grows More than Expected
The S&P Global Spain Manufacturing PMI rose to 53.8 in May of 2022, rebounding from the 53.3 in the prior month and above market expectations of 52. It marked the 16th consecutive month of growth in Spain’s manufacturing sector. Output showed significant growth, while new orders remained unchanged and export demand was slightly lower from the previous period, largely due to higher inflationary pressure. Manufacturers’ costs increases were driven by raw materials, energy, and food, with significant supply-side challenges remaining amid the war in Ukraine, even though the domestic trucker strikes were a lesser factor. Thus, charge inflation remained considerable and rose for the 16 consecutive month. Meanwhile, employment increased slightly from the previous month. Looking forward, business confidence remained in the positive territory, although inflation worries and geopolitical uncertainties continued to weigh.
2022-06-01
Spain Factory Activity Growth Below Forecasts
The S&P Global Spain Manufacturing PMI fell further to 53.3 in April of 2022 from 54.2 in the prior month, missing market forecasts of 54. It marked the 15th consecutive month of growth, albeit the slowest since February of 2021. Output rose only marginally, while new orders fell for the second successive month, amid weaker demand due to the impact of the transport strikes, shortages, uncertainty linked to the war in Ukraine and high prices. This subsequently fed into employment and purchasing decisions, which both rose only marginally on the month. On the price front, output prices rose at the fastest rate on record in April. Finally, business confidence recovered from March's 22-month low, but remained below the levels seen at the start of 2022 as uncertainty around the war in Ukraine and inflation persisted.
2022-05-02
Spain Factory Activity Growth Slows More than Expected
The S&P Global Spain Manufacturing PMI fell to 54.2 in March of 2022 from 56.9 in the prior month, missing market forecasts of 55.5. It marked the 14th consecutive month of growth, albeit the slowest since February of 2021. Output increased at a slower rate, while uncertainty due to the war in Ukraine led order books levels to drop for the first time in 14 months. Caution in clients also showed lower demand for manufactured goods. Supply-chain challenges and inflation weighed heavily as cause for the lower levels of production, aggravated by the war in Ukraine and Spain’s trucker strikes through the month. Still, underlying workloads remained sufficient to support employment and higher stocks of finished products. Looking ahead, businesses’ confidence about the future was at its lowest since May of 2020 due to economic uncertainty around the war.
2022-04-01