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Spanish PMI, the best among EU countries

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Posted By: The Corner 2nd July 2014

The 1.7-point improvement with respect to the previous month leaves the Spanish PMI as the best within the Eurozone (with the best data among the major European economies). It is significant the strong growth in production and especially in new orders –the best rhythm since April 2007.

With these figures plus the latest employment data, firms will have to keep on hiring, according to Laura Velasco, expert at Santander.

Regarding the other European countries, Germany lost -0.3 points to 52.3, its worst level since October 2013. Italy fell by -0.6 to 52.6 points, while the UK recorded 57.5 points versus the previous 57.

About the Author

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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