Spain manufacturing PMI gains sharpest momentum since April 2007

The recent weakness of the euro against the US dollar as well as rising new orders in both domestic and foreign markets contributed to good output numbers.
“The latest PMI data show that the Spanish manufacturing sector is not only sustaining recovery during Q2, but growth seems to be accelerating. Both output and new orders rose at rates not seen since before the economic crisis began in 2007. There was further evidence of inflationary pressures returning to the sector as input costs rose at the sharpest pace in more than two-and-a-half years, in part reflecting recent euro weakness,” said Andrew Harker, senior economist at Markit.


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The Corner
The Corner has a team of on-the-ground reporters in capital cities ranging from New York to Beijing. Their stories are edited by the teams at the Spanish magazine Consejeros (for members of companies’ boards of directors) and at the stock market news site Consenso Del Mercado (market consensus). They have worked in economics and communication for over 25 years.

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