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Spain June manufacturing PMI 48.0 vs 47.7 expected
Prior 48.4Despite the reading being higher than estimates, it still marks a further contraction in Spain's manufacturing sector as it is lower than May. Worsening demand conditions continue to weigh as downturns in output and new orders were both sustained. HCOB notes that:"In Spain, there are signs of a mild recession for the manufacturing sector, or perhaps just stagnation. For example, the HCOB PMI production index is slightly in contractionary territory for the second time in a row, and comp...
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Posted: Jul 3 2023, 07:15
Author Name: forexlive
Views: 110798