Spain’s manufacturing economy remained in contraction territory during January, but only just as slower falls in output, new orders, employment, and stocks were all recorded. However, with global demand for goods remaining subdued, prices continued to decline. That was despite a noticeable deterioration in vendor performance, which worsened significantly on the back of the crisis in the Red Sea and associated delays in global shipping. The headline HCOB Spain Manufacturing Purchasing Managers’ IndexTM (PMI®) remained below the crucial 50.0 nochange mark during January for a tenth month in a row. However, by rising to ... (full story)