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- Growth of Spain's manufacturing economy strengthened again during November - Markit
Growth of Spain's manufacturing economy strengthened again during November - Markit
Growth of Spain's manufacturing economy strengthened again during November, supported by improved gains in both output and new orders. Jobs continued to be created as capacity pressures persisted, but confidence about the future softened amid worries over subdued trends in global autos production and demand.
The seasonally adjusted IHS Markit Spain Manufacturing – a composite single-figure indicator of manufacturing performance – posted 52.6 in November. That was up from 51.8 during October and pointed to the strongest growth for three months. The PMI has now posted above the 50.0 no-change mark that separates growth from contraction throughout the past five years.
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