Spanish PMI: Manufacturing new order growth accelerates

Worker in cargo

Signs of capacity pressures led firms to increase employment again during the month. Meanwhile, the recent weakness of the euro against the US dollar led to an accelerated rate of cost inflation.

“Momentum was maintained in the Spanish manufacturing sector in April, according to the latest PMI figures. Strong rises in workloads continued to impart capacity pressure on firms, resulting in further solid job creation. The cost inflationary impacts of the weakness of the euro-and by extension the QE programme- are starting to be felt, with manufacturers highlighting rising prices for imports as the main factor driving cost inflation. Firms have largely been unable to pass on these increases to clients, however, amid competitive pressures,” said Andrew Harket, senior economist at Markit and author of the report.


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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