Free Trial

MNI: SPAIN DATA: Industrial Production (May 2019)....>

MNI, NEWS
MNI: SPAIN DATA: Industrial Production (May 2019) Preview - 08:00 BST
-------------------------------------------------------------------------------
- Bloomberg Consensus: -0.5% m/m, 0.6% y/y; Previous (Apr): 1.8% m/m, 1.7% y/y
- Markets look for Spanish IP to resume contracting in May, following the first
rise in production in three months in Apr...
- ... which was driven by output expansions across all major sectors
- Fwd-looking indicators paint a deteriorating picture for Spanish industry
- While industrial new orders recovered some ground in Apr, survey evidence
suggests this rebound will be short-lived
- Indeed, Spain's manufacturing PMI showed that the sector slipped into
contraction territory in Jun...
- ... as tumbling new orders drove a sharp fall in reported manufacturing output
- Export orders are suffering amid a challenging global environment... 
- ... while protracted political uncertainty in Spain is weighing on domestic
demand

To read the full story

Close

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.