Spanish S&P Manufacturing PMI (Mar) 48.7 vs. Exp. 50.5 (Prev. 50.0)
Importance
Level 1
- "Not surprisingly, supply chain disruption is also widespread, with input delivery times lengthening markedly. And firms are somewhat understandably responding to heightened uncertainty and falling order books by cutting jobs and lowering purchasing activity accordingly."
- "Input cost inflation has accelerated rapidly and now stands at its highest level since late 2022".
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