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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
MNI (London)
SPAIN DEC MANUF. PMI 46.4 (FCST 46.0); NOV 45.7
Spain recorded a 0.7-point improvement in the December manufacturing PMI, signalling a softer year-end contraction at 46.4. This was the softest contraction since September.
Highlights from the press release:
- New orders continue to fall at a sharp pace, albeit less severely.
- Employment stabilised after declining for five months. This was in part due to a rebound in optimism as firms interpreted the current economic situation to be largely beyond the worst.
- Price pressures continued to ease across both input and charging prices.
- Coming up: Italy is expected to see manufacturing inch up from November levels of 48.4, signalling a continued soft downturn. French, German and Eurozone final PMIs should largely confirm flash estimates, implying modest improvements to signal shallower contractions for the eurozone in December.
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.
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