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SPAIN DATA: Sep Manufacturing PMI Much Stronger Than Consensus

SPAIN DATA

The Spanish manufacturing PMI was much stronger than expected at 53.0 (vs 50.2 cons, 50.5 prior). This was the highest reading since May, and cements Spain’s status as the outperformer across the Eurozone this year. Alongside strong output metrics, the PMI notes that competitive forces prompted firms to lower output charges in September.

Key notes from the release:

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The Spanish manufacturing PMI was much stronger than expected at 53.0 (vs 50.2 cons, 50.5 prior). This was the highest reading since May, and cements Spain’s status as the outperformer across the Eurozone this year. Alongside strong output metrics, the PMI notes that competitive forces prompted firms to lower output charges in September.

Key notes from the release:

Keep reading...Show less