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Red Sea Disruption Leads To Rise In Delivery Times

SPAIN DATA

The Spanish February manufacturing PMI was 51.5, above 50 for the first time since March 2023 and the highest reading since June 2022 (vs 49.8 cons, 49.2 prior). However, in contrast to the German and French flash prints, Red Sea disruptions "led to the steepest lengthening of delivery times since September 2022". However, competition amongst manufacturers meant the pass-through into output charges was limited - for now.


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The Spanish February manufacturing PMI was 51.5, above 50 for the first time since March 2023 and the highest reading since June 2022 (vs 49.8 cons, 49.2 prior). However, in contrast to the German and French flash prints, Red Sea disruptions "led to the steepest lengthening of delivery times since September 2022". However, competition amongst manufacturers meant the pass-through into output charges was limited - for now.


Keep reading...Show less