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Spain: Solid rise in exports leads to growth of new orders
June provided further signs that the decline in the Spanish manufacturing sector is coming to an end. New orders increased, driven by a marked rise in new business from abroad. Meanwhile, output, employment and purchasing activity all decreased at weaker rates. The seasonally adjusted Markit Purchasing Managers’ Index ® (PMI ® ) – a composite indicator designed to measure the performance of the manufacturing economy – posted 50.0 in June, signalling no change in business conditions during the month. This followed a reading of 48.1 in May, and ended a 25 - month sequence of deteriorating operating conditions. ... (full story)
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