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- Spain’s manufacturing PMI rises to 53.1 in November
Spain’s manufacturing PMI rises to 53.1 in November
Markit Economics released its manufacturing purchasing managers' index (PMI) for Spain on Tuesday. Spain's manufacturing purchasing managers' index (PMI) rose to 53.1 in November from 51.3 in October.
The increase was driven by a faster pace of production growth and new orders.
"Spanish manufacturers recorded a welcome pickup in growth during November, bringing an end to a prolonged slowdown. This provides some optimism that the sector will be able to remain in growth mode as the year draws to a close," a senior economist at Markit Andrew Harker said.
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