Ongoing contraction of Spanish manufacturing sector during November @ Forex Factory

Ongoing contraction of Spanish manufacturing sector during November

From markiteconomics.com

Spain's manufacturing economy continued to contract during November in the face of ongoing political and economic uncertainties. Although falling to lesser degrees than in October, output and new orders were again down markedly, in part the result of a faster drop in export business. Job cuts were also recorded, as evidence of spare capacity persisted, whilst firms remained underwhelmed about future prospects. On the price front, firms benefited from reduced input costs, although strong competitive pressures meant output charges were reduced for a third month running. The IHS Markit Spain Manufacturing PMI – a ... (full story)

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