{"id":427772,"date":"2026-03-02T15:26:48","date_gmt":"2026-03-02T08:26:48","guid":{"rendered":"https:\/\/www.swingfish.trade\/blog\/market-news\/2026\/03\/spain-february-manufacturing-pmi-50-0-vs-50-1-expected\/"},"modified":"2026-03-02T15:26:48","modified_gmt":"2026-03-02T08:26:48","slug":"spain-february-manufacturing-pmi-50-0-vs-50-1-expected","status":"publish","type":"post","link":"https:\/\/www.swingfish.trade\/blog\/market-news\/spain-february-manufacturing-pmi-50-0-vs-50-1-expected-427772\/","title":{"rendered":"Spain February manufacturing PMI 50.0 vs 50.1 expected"},"content":{"rendered":"<div>\n<ul>\n<li>Prior 49.2<\/li>\n<\/ul>\n<p class=\"text-align-justify\">That&#8217;s a slight improvement to the January estimate, as production levels were seen broadly stable in February. That being said, the order books declined for a third straight month albeit at a slower rate at least. On the price front, Spanish manufacturers saw another steep rise in input prices with the rate of inflation edging up from the start of<br \/>\nthe year to a 13-month high. So, that&#8217;s something to be wary about.<\/p>\n<p class=\"text-align-justify\">HCOB notes that:<\/p>\n<p class=\"text-align-justify\">\u201cSpain\u2019s manufacturing sector continues to struggle to gain traction. Following two slight declines in December and January,<br \/>\nthe current headline PMI reading of 50 signals stagnation, suggesting that the manufacturing sector entered this winter with<br \/>\nless momentum than during large parts of the previous year. This becomes particularly evident when looking at the<br \/>\ndemand\u2011related sub\u2011indices: production is softening, orders are declining, and foreign markets have not provided any<br \/>\nstimulus for several months. Companies attribute the latter largely to the effects of the U.S. trade shock and the strong euro.\n<\/p>\n<p class=\"text-align-justify\">\u201cIt appears as if the weakness observed in Germany, France, and Italy over the past two to three years is now beginning to<br \/>\nreach Spain\u2019s industrial sector as well. A sector that had until now displayed considerably more resilience thanks to broad<br \/>\nenergy diversification and relatively low dependence on the United States.\n<\/p>\n<p class=\"text-align-justify\">\u201cMuted market conditions are also reducing overall workloads for employees. Due to weaker sales conditions and lower<br \/>\nproduction requirements, firms have increasingly refrained from replacing departing staff. Hiring willingness has now been<br \/>\ndeclining for six consecutive months.\n<\/p>\n<p class=\"text-align-justify\">\u201cIn terms of price dynamics, the Spanish manufacturing sector shows signs of normalisation. Input prices have risen amid<br \/>\nhigher costs for various raw materials. Firms appear to have passed these cost increases on to customers through their<br \/>\noutput prices. Both price indices, however, have for some time been stabilising around their historical average levels.\u201d<\/p>\n<p>                            This article was written by Justin Low at investinglive.com.<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Prior 49.2 That&#8217;s a slight improvement to the January estimate, as production levels were seen broadly stable in February. That being said, the order books declined for a third straight month albeit&hellip;<\/p>\n","protected":false},"author":216,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[86],"tags":[],"class_list":["post-427772","post","type-post","status-publish","format-standard","hentry","category-market-news"],"_links":{"self":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/posts\/427772","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/users\/216"}],"replies":[{"embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/comments?post=427772"}],"version-history":[{"count":0,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/posts\/427772\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/media?parent=427772"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/categories?post=427772"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/tags?post=427772"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}