July 2, 2022
The S&P Global Spain Manufacturing PMI decreased from 53.8 to 52.6 in June 2022, but it still performed better than expected (52.1). The manufacturing sector in Spain grew for the 17th month in a straight, although at its weakest rate in almost two years. The rate of output growth slowed, continuing the pattern of deceleration, while new orders decreased somewhat for the second time in a row. Due to the difficult economic conditions that are pressing both the domestic and international markets, businesses noted decreasing demand. Demand was heavily impacted by pricing as well, with producer prices continuing to rise but at a slower rate than last month due to increased energy and raw material costs. Employment, meanwhile, was projected to be somewhat higher. Future-oriented business optimism increased from MayFactory activity in Spain grows less than anticipated as manufacturers anticipate increased revenues in a post-pandemic climate.
Source: Trading Economics
Legal Notice: The information in this article is intended for information purposes only. It is not intended for professional information purposes specific to a person or an institution. Every institution has different requirements because of its own circumstances even though they bear a resemblance to each other. Consequently, it is your interest to consult on an expert before taking a decision based on information stated in this article and putting into practice. Neither Karen Audit nor related person or institutions are not responsible for any damages or losses that might occur in consequence of the use of the information in this article by private or formal, real or legal person and institutions.
