Latest PMI data indicated that the Spanish manufacturing sector maintained growth momentum in March. Rates of expansion in both output and new orders quickened during the month, although employment growth dropped off. For the second time in the past three months, input costs fell while output charges decreased at a moderated pace in March. T he seasonally adjusted Markit Purchasing Managers’ Index ® (PMI ® ) – a composite indicator designed to measure the performance of the manufacturing economy – rose to 52.8 in March from 52.5 in February. The reading pointed to a fourth cons ecutive monthly strengthening of ... (full story)