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Spanish PMI manufacturing higher than....>

SPAIN DATA
SPAIN DATA: Spanish PMI manufacturing higher than expected at 52.6 (51.5 exp,
51.8 prev).
- New orders and output drove the number higher but there were continued
concerns surrounding the auto industry. And also reports that demand from the US
has "faltered".
- Key paragraph from the press release:
"There were a number of reports that demand from the US had faltered, and that
sales to autos producers were subdued. This was particularly felt in the capital
goods sector, where both order books and production fell in November. This was
in stark contrast to the consumer goods category, where output and demand both
strengthened noticeably."

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