Spanish HCOB Manufacturing PMI (Feb) 50.0 vs. Exp. 50.1 (Prev. 49.2)
Importance
Level 1
- "Production is softening, orders are declining, and foreign markets have not provided any stimulus for several months. Companies attribute the latter largely to the effects of the U.S. trade shock and the strong euro."
- “In terms of price dynamics, the Spanish manufacturing sector shows signs of normalisation. Input prices have risen amid higher costs for various raw materials. Firms appear to have passed these cost increases on to customers through their output prices."
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