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Spanish manufacturing growth slowdown continues in July
Growth of Spain’s manufacturing economy continued to soften in July. Output and employment both continued to rise, but at weaker rates, whilst there was a reduction in new orders. Panellists commented that market demand had slowed. This had a knock-on impact on confidence, which fell to its lowest level of the year so far. Prices data meanwhile showed that input costs continued to increase, but to a slower degree despite ongoing delays in the delivery of inputs. Output charge inflation in contrast accelerated to its highest level since early 2023. The headline HCOB Spain Manufacturing Purchasing Managers’ IndexTM ... (full story)
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- Posted: Aug 1, 2024 3:18am
- Submitted by:Category: Low Impact Breaking NewsComments: 0 / Views: 2,219
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