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The slowdown in the Spanish manufacturing sector deepens in the midst of a new drop in production

From pmi.spglobal.com

The Spanish manufacturing sector remained under pressure during My with a sharper reduction in new orders leading to a fresh contraction in output. Employment growth, subsequently, slowed to its weakest in the current four-month sequence of job creation while expectations toward the year-ahead outlook slipped to a six-month low. Purchasing activity was also trimmed but with the reduced demand for inputs came a further improvement in supplier performance. The headline Story Preview HCOB Spanish Manufacturing PMI - a composite single-figure indicator of manufacturing performance - edged down form 49.0 in April to 48.4 ... (full story)

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