Spain Markit August mftg PMI just out 1 Sept
- 54.0 prev
Softer report for August ,making it the third in a row.
Says Markit:
- Growth eased in the Spanish manufacturing sector during August, with weaker rises in output, new orders and employment recorded. Meanwhile, cost pressures intensified on the back of higher raw material prices, but firms increased their output prices at a weaker pace.
- The headline IHS Markit Spain Manufacturing PMI® is a composite single-figure indicator of manufacturing performance. It is derived from indicators for new orders, output, employment, suppliers' delivery times and stocks of purchases. Any figure greater than 50.0 indicates overall improvement of the sector.
- The PMI dropped to 52.4 in August from 54.0 in July. Although continuing to signal improving business conditions, the latest strengthening of the health of the sector was the least marked since September last year. The rate of improvement has now eased in three successive months
Full report here
