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Modest growth of Spanish manufacturing sector sustained in March
Spain’s manufacturing economy continued to expand during March. Output rose at its strongest pace in a year, whilst there was a second successive monthly increase in new orders amid evidence of firmer foreign demand. Firms subsequently responded by bolstering both their purchasing and staffing volumes. Confidence in the future remained positive despite easing a little since the previous month. On the price front, input costs rose for a second month running, though only modestly. Output charges continued to decline amid a competitive business climate and still underwhelming market demand. The headline HCOB Spain ... (full story)