Spanish S&P Global Manufacturing PMI (Jul) 50.2 vs Exp. 50.5 (Prev. 49.7)

"Output and new orders both fell, linked to the underlying uncertainty presently dominating product markets" “Although supplier delivery times lengthened noticeably, lower demand helped to reduce some pressure on vendors. Moreover, inflation rates continued to collapse from the highs seen in May, although recent developments in the Middle East suggest that any relief from rapidly rising prices could be short-lived.”