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Spanish Manufacturing output continues to rise sharply in February
Despite a slight slowdown in growth in February, the Spanish manufacturing sector continued to record a marked improvement in business conditions in the latest survey period. Moreover, the rate of job creation quickened to a seven-month high. Lower prices for oil and steel were the main factors behind an accelerated pace of decline in input costs, in turn leading firms to lower their output prices. The seasonally adjusted Markit Spain Purchasing Managers’ Index® (PMI® ) – a composite indicator designed to measure the performance of the manufacturing economy – posted 54.1 in February, slightly below ... (full story)