Spanish S&P Global Manufacturing PMI (Oct) 52.2 vs. Exp. 50.8 (Prev. 51.0)
ORIGINAL · NewsquawkSpanish S&P Global Manufacturing PMI (Oct) 52.2 vs. Exp. 50.8 (Prev. 51.0)Read originalHide original
"Production picked up and new orders increased for the first time in six months, with growth rates the best recorded in around a year". "The growth pick up was even more impressive in the context of the headwinds that continue to swirl around the sector, most notably elevated energy prices, which drove up overall input price inflation to a five-month high in October".
Spain’s October manufacturing PMI exceeded expectations, with stronger production and new orders alongside elevated energy-related input-price inflation.
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"Production picked up and new orders increased for the first time in six months, with growth rates the best recorded in around a year". "The growth pick up was even more impressive in the context of the headwinds that continue to swirl around the sector, most notably elevated energy prices, which drove up overall input price inflation to a five-month high in October".
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