Free Trial
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
SPAIN DATA
July Spain Manufacturing PMI came in at 59.0 (vs 59.5 expected, 60.4 prior).
- IHS Markit notes: "backlogs continued to rise sharply, and production was constrained in part by ongoing supply-side delays amid widespread reports of product shortages and transportation difficulties. Price inflation subsequently remained elevated, and was a factor depressing confidence about the future."
- Demand is picking up strongly, with foreign sales a key factor: "Production and new order book growth remained considerable in July amid reports that market demand had improved, with producers of consumer goods notably buoyed by the reopening of the economy (hospitality especially)... International sales were also noticeably higher, with growth the best in over three-and-a-half years. "
- Confidence was mixed, with companies "concerned over recent rises in COVID-19 infection numbers and the potential for the economic recovery to be derailed. That said, firms remain positive overall that sales and output will rise further in the coming 12 months, with confidence remaining comfortably in positive territory despite dropping to a half-year low."
- Fairly minimal market reaction - Spanish spreads have been tightening vs Germany all morning.
Source: IHS Markit, MNI
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
We are facing technical issues, please contact our team.
ok
Your request was sent sucessfully! Our team will contact you soon.
ok