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- Spain’s final manufacturing PMI falls to 53.2 in August
Spain’s final manufacturing PMI falls to 53.2 in August
Markit Economics released its final manufacturing purchasing managers' index (PMI) for Spain on Tuesday. Spain's manufacturing purchasing managers' index (PMI) declined to 53.2 in August from 53.6 in July. It was the lowest level since October 2014.
The decline was driven by a slower increase in new orders. It was the weakest pace of new orders since December 2013.
"Growth of new work continued to ease at Spanish manufacturers in August, providing further evidence of a slowdown in the sector," a senior economist at Markit Andrew Harker said.
He added that "any signs of increasing inflationary pressure seen during Q2 have dissipated".
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