Manufacturing PMI 53.1 vs 53.5 expected and 54.5 prior.Key findings:Regional flooding reported to have limited growth Output, new orders and employment nonetheless rise solidly Confidence in outlook remains positiveComment:Commenting on the PMI data, Jonas Feldhusen, Junior Economist at Hamburg Commercial Bank, said: "The Spanish manufacturing sector continued its expansion in November – albeit at a slower pace and despite the fatal floods in the region of Valencia. The index fell a bit from 54.5 to 53.1 but still remained comfortably in growth territory. Output and new orders continue to show expansion, albeit at a slower pace. New export order book growth even accelerated to the highest le
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