Spanish S&P Global Manufacturing PMI (Aug) 49.5 vs. Exp. 50.1 (Prev. 50.2)

"This uncertainty can be linked to the rollercoaster in price setting that firms continue to experience in 2026. With energy costs picking up again in August, input price inflation has once again surged higher, placing noticeable pressure on margins and meaning confidence in the outlook remained subdued." "No wonder firms remained reticent to hire or buy-in new inputs, with both employment and purchasing activity subsequently cut over the month.”