Spain’s actual manufacturing PMI reading marked sixth consecutive month of contraction in factory activity
Link Securities | The factory activity index, PMI manufacturing, for Spain, compiled by Markit, came in at 47.7 points in September, up from 46.5 points in August, which was also the reading expected by the analysts’ consensus. It should be recalled that a reading above 50 points indicates an expansion in activity compared with the previous month, while a reading below this level indicates a contraction in activity. Thus, the…
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