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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