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Spain July manufacturing PMI 47.8 vs 48.3 expected
Prior 48.0Softness in demand conditions continues to weigh as the Spanish manufacturing downturn deepens in July. There was a sharp reduction in both output and new orders but at least there is further downward pressure on prices as well on the month. HCOB notes that:"The deterioration of Spain’s manufacturing sector is moving on at a steady pace, without panic. Still, it’s a downturn, as output is dropping and fewer new orders are coming in. We see an increased probability that the sector will...
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Posted: Aug 1 2023, 07:15
Author Name: forexlive
Views: 092016
