Spain May manufacturing PMI 53.8 vs 52.0 expected

• Prior 53.3

The Spanish manufacturing sector continued to grow in May but there are rising concerns as demand stagnated and inflation Inflation Inflation is defined as a quantitative measure of the rate in which the average price level of goods and services in an economy or country increases over a period of time. It is the rise in the general level of prices where a given currency effectively buys less than it did in prior periods.In terms of assessing the strength or currencies, and by extension foreign exchange, inflation or measures of it are extremely influential. Inflation stems from the overall creation of money. This money is m Inflation is defined as a quantitative measure of the rate in which the average price level of goods and services in an economy or country increases over a period of time. It is the rise in the general level of prices where a given currency effectively buys less than it did in prior periods.In terms of assessing the strength or currencies, and by extension foreign exchange, inflation or measures of it are extremely influential. Inflation stems from the overall creation of money. This money is m Read this Term continues to be a major headwind to the overall outlook. S&P Global notes that:

“Although Spain’s manufacturing economy continued to grow in May, stagnant demand and ongoing severe inflationary pressures led to ongoing concerns about the underlying health of the sector.

“Indeed, panellists reported little choice but to pass on their own escalating costs through a rise in factory gate prices, but this was having a detrimental impact on sales – and suggesting that the spectre of stagflation is indeed a real and growing threat to economic stability.

“That said, falls in the respective price indices since April and the lowest incidence of supply-side delays for 14 months raises some hope that the underlying situation is improving.”