The HCOB Spain Manufacturing PMI fell to 47.8 in July 2023, the lowest so far tis year, compared to 48 in June and below forecasts of 48.3. The reading marks the fourth consecutive month of deteriorating factory activity, as demand remains fragile. New orders contracted for a fourth straight month, new export orders fell at a substantial pace, output volumes were reduced again, purchasing activity fell the most in eight months, and pre-production inventory contracted. Amid reports of falling order books and a reluctance to build stocks, manufacturers diverted resources towards the completion of pending workloads. Goods producers also trimmed payroll numbers for the second month. On the price front, input costs decreased the most since June 2009 on falling raw material and energy costs and output charges declined the most in over three years. Finally, Spanish manufacturing firms maintained a positive outlook with regards to their future output levels. source: Markit Economics
Manufacturing PMI in Spain averaged 50.91 points from 2011 until 2023, 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 August of 2023.
Manufacturing PMI in Spain is expected to be 49.80 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 51.40 points in 2024 and 51.00 points in 2025, according to our econometric models.