Spain May manufacturing PMI 54.0 vs 52.6 expected ...Middle East

Prior 52.2Accelerated gains in both output and new orders sees Spain manufacturing PMI record a 26-month high reading. The only downside was that there was evidence of a pick-up in inflationary pressures during May. HCOB notes that:“Spain's manufacturing sector has been improving continuously in 2024. In May, both incoming orders and production grew at an accelerated pace once again. The improvement in demand, which primarily came from the domestic market, pushed the HCOB PMI to a more than two-year high with an index value of 54.0. The economic upturn was mainly driven by the continued strong demand in the domestic market. Although export orders also recorded growth, this lagged behind the

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