Spanish HCOB Manufacturing PMI (Dec) 49.6 vs. Exp. 51 (Prev. 51.5)
SourceHCOB
Importance
Level 1
- "Despite this pullback, the industry remains more resilient than its German or French counterparts, though the latest trend raises some concerns".
- "Interestingly, business expectations for the months ahead improved despite the current weakness, hinting that December’s decline may be a temporary dip rather than the start of a prolonged downturn".
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