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.