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Spain Manufacturing PMI

News Stream
2019-12-02
Spain Manufacturing Remains in Contraction Territory
The IHS Markit Spain Manufacturing PMI rose to 47.5 in November 2019 from 46.7 in the previous month and above market consensus of 46.7. The latest reading still pointed to a deterioration in operating conditions for a sixth month in succession, amid ongoing political and economic uncertainties. Output and new orders continued to contract at a steep rate, in part the result of a faster drop in export business, with demand from key European markets being especially weak. In addition, employment declined for the seventh consecutive month, as evidence of spare capacity persisted and business confidence remained historically low. On the price front, firms benefited from reduced input costs, although strong competitive pressures meant output charges were reduced for a third month running.

2019-11-04
Spain Factory Activity at 6-1/2-Year Low
The IHS Markit Spain Manufacturing PMI fell to 46.8 in October 2019 from 47.7 in the previous month and below market expectations of 47.5. The latest reading pointed to the steepest contraction in factory activity since April 2013, as output and new orders dropped sharply to its lowest in six-and-a-half years amid reports of underwhelming market demand and clients adopting a cautious approach to their buying and investment activities. Also, job cuts were recorded for the sixth successive month and purchasing activity declined at the fastest pace for six-and-a-half years. On the price front, input prices decreased for the fifth straight month, albeit at a softest pace and output cost fell for the second consecutive month amid competitive pressures and a desire to boost demand. Finally, firms remained broadly subdued regarding their assessment of output outlook amid political uncertainty, and negative forecasts for demand and production.

2019-10-01
Spain Manufacturing Output Contracts Further
The IHS Markit Spain Manufacturing PMI fell to 47.7 in September 2019 from 48.8 in the previous month and below market expectations of 48.2. The latest reading pointed to the sharpest deterioration in the manufacturing sector since April 2013, as output and new orders declined the most in just under six-and-a-half years and new export sales dropped the most since July 2012. Job cuts were signalled for a fifth successive month, albeit at a slightly slower rate, whilst purchasing activity was lowered to the greatest degree since April 2013. On the price front, input cost deflation was amongst the sharpest recorded by the survey since early-2016 and in turn helped to explain a cut in output charges for the third time in the past four months. Finally, confidence about the future was at it lowest level since January 2013, amid political and economic uncertainties.

2019-09-02
Spain Factory Activity Shrinks for 3rd Month
The IHS Markit Spain Manufacturing PMI rose to 48.8 in August 2019 from 48.2 in the prior month and slightly above market expectations of 48.5. The reading pointed to the third consecutive month of contraction in manufacturing activity. Output fell the most since May 2013 as firms intended to use existing inventories; and new orders posted a fourth straight monthly decline. Subsequently, firms continued to cut jobs and inventories. In terms of prices, input costs were down only slightly, while there was no change in output charges. Looking ahead, business confidence improved, but remained at a historically subdued level. Worries over a continuation of the recent subdued demand trend and concerns of a deepening of the current global downturn were reported to have weighed on confidence.

2019-08-01
Spain Manufacturing Sector Remains in Contraction
The IHS Markit Spain Manufacturing PMI rose to 48.2 in July 2019 from a near six-year low of 47.9 in the previous month and slightly above market consensus of 48.0. Still, the latest reading suggested that the manufacturing sector remained inside contraction territory, as output and new orders continued to fall while employment dropped for the third consecutive month. On the price front, input costs declined for the second month in a row, while output charges were subsequently reduced accordingly. Looking ahead, business confidence was at its lowest level since April 2013.

2019-07-01
Spain Manufacturing Shrinks the Most Since 2013
The IHS Markit Spain Manufacturing PMI fell to 47.9 in June of 2019 from 50.1 in the previous month and well below market expectations of 49.5. The reading pointed to the sharpest contraction in factory activity since April of 2013, as output and new orders both declined amid signs of deteriorating market conditions. Looking ahead, confidence remained in positive territory albeit the lowest in seven months.

Espanha Negócio Último Anterior Maior Menor Unidade
Confiança do Empresário -1.90 -3.20 8.50 -39.00 Pontos [+]
PMI de Serviços 54.90 53.20 60.30 36.80 Pontos [+]
PMI Industrial 47.40 47.50 56.10 41.10 Pontos [+]
Produção Industrial 2.10 -1.30 13.60 -21.80 Percentagem [+]
Produção Industrial (Mensal) 1.00 -0.50 9.30 -12.00 Percentagem [+]
Indústria de Transformação 1.60 -0.20 13.60 -22.90 Percentagem [+]
Capacidade de Uso 79.00 80.90 90.00 68.86 Percentagem [+]
Variação de Estoques 2953.00 2935.00 3071.00 -3183.00 Eur - Milhões [+]
Falências 1384.00 1588.00 2854.00 11.00 Empresas [+]
Total de Vendas de Veículos 105853.00 93158.00 177375.00 23090.00 [+]
Produção de Autoveículos 1964.00 2082.00 2504.00 139.00 Centenas de Unidades [+]
Licenciamento de Autoveículos 115249.00 113272.00 159417.00 3103.00 [+]
Velocidade da Internet 15487.07 15362.73 15487.07 2354.24 KBps [+]
Endereços IP 14575619.00 13803828.00 14855454.00 7640009.00 IP [+]
Indústrias Extrativas 24.90 7.60 24.90 -44.90 Percentagem [+]
Produção de Aço 1070.00 1225.00 1980.00 555.00 Mil Toneladas [+]
Índice de Competitividade 75.28 74.20 75.28 4.49 Pontos [+]
Ranking de Competitividade 23.00 26.00 42.00 23.00 [+]
Facilidade em Fazer Negócios 30.00 30.00 62.00 28.00 [+]
Produção de Eletricidade 22330.00 22693.00 27405.00 20466.00 Gigawatt-Hora [+]
Índice de Corrupção 58.00 57.00 71.00 43.10 Pontos [+]
Ranking de Corrupção 41.00 42.00 42.00 20.00 [+]
Encomedas à Indústria -2.60 -1.00 25.70 -33.60 Percentagem [+]
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