Global Economy
Spanish S&P Global Manufacturing PMI (Sep) 51 vs. Exp. 50.1 (Prev. 49.5)
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September’s Spanish manufacturing PMI was reported above expectations and its previous reading. Output rose, but firms reported acute supply challenges and soft overall goods demand.
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"Output rose, supported in part by higher export orders, whilst employment stabilised after a sustained period of job losses. Confidence in the outlook also strengthened amid hopes of stronger market demand growth in the year ahead." "Firms again stressed that supply-side challenges remained acute, raising prices, causing input delivery delays and meaning that demand for goods remained soft overall.”
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