Spain January manufacturing PMI 49.2 vs 48.0 expected ...Middle East

Prior 46.2The downturn in Spain's manufacturing sector eases in January with the reading being a 10-month high. Demand conditions remain subdued but at least the fall in new orders and output were not as severe. Of note, the rate of decline in both categories were the softest since June last year. HCOB notes that:“As the new year kicks off, Spain’s manufacturing sector is receiving a breath of fresh air. The PMI index takes a significant leap from 46.2 to 49.2 in January, indicating only a slight contraction. Although the downturn persists, its intensity has notably diminished. Other crucial indicators, such as new orders and quantity of purchases, are experiencing a slower decline compared

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Last updated : 01 February 2024 clock 11:29 AM

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Spain January manufacturing PMI 49.2 vs 48.0 expected ...Middle East

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