Spanish S&P Global Manufacturing PMI (Apr) 51.7 vs. Exp. 49.5 (Prev. 48.7)

The Spanish S&P Global Manufacturing PMI for April came in at 51.7, significantly above expectations of 49.5 and the previous reading of 48.7.

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Spanish S&P Global Manufacturing PMI (Apr) 51.7 vs. Exp. 49.5 (Prev. 48.7)

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European Movers: ThyssenKrupp (TKA GY) +0.4%, Recordati (REC IM) +0.4%, BMW (BMW GY) -2.00%, Stabilius (STM GY) -1.8%, Volkswagen (VOW3 GY) -1.8%, Stellantis (STLAM IM) -0.7%

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Context

This stronger-than-expected print suggests a rebound in manufacturing activity, which could imply improving growth prospects for the region and have implications for the broader European economic outlook and ECB policy considerations.

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