Survey shows that January manufacturing growth in Spain remains robust

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Survey shows that January manufacturing growth in Spain remains robust
Survey shows that January manufacturing growth in Spain remains robust

According to survey data released by IHS Markit on Thursday, Spain’s manufacturing activity has continued to improve in the first month of 2018.

The manufacturing Purchasing Managers’ Index showed a fall of 0.6 points from December 2017 to January 2018 but a reading above 50 still indicates expansion in the sector.

Output rose in January as a result of stonger orders and manufacturers increased their number of employees and purchasing activity.

Input price inflation accelerated to a ten-month high, resulting in stronger demand and higher prices for oil, petrol, and other raw materials such as steel. Output prices continued to improve in January.

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