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.