{"id":429144,"date":"2026-04-01T16:00:20","date_gmt":"2026-04-01T09:00:20","guid":{"rendered":"https:\/\/www.swingfish.trade\/blog\/market-news\/2026\/04\/spain-march-manufacturing-pmi-48-7-vs-50-4-expected\/"},"modified":"2026-04-01T16:00:20","modified_gmt":"2026-04-01T09:00:20","slug":"spain-march-manufacturing-pmi-48-7-vs-50-4-expected","status":"publish","type":"post","link":"https:\/\/www.swingfish.trade\/blog\/market-news\/spain-march-manufacturing-pmi-48-7-vs-50-4-expected-429144\/","title":{"rendered":"Spain March manufacturing PMI 48.7 vs 50.4 expected"},"content":{"rendered":"<div>\n<ul>\n<li>Prior 50.0<\/li>\n<\/ul>\n<p class=\"text-align-justify\">Spain&#8217;s manufacturing sector activity falls back into contraction territory as the Middle East conflict starts to have an impact. The heightened uncertainty raised by the conflict and higher energy prices are feeding into supply-chain disruptions as well as rapidly rising prices for fuel and inputs. And that is resulting in manufacturers reporting accelerated<br \/>\ndeclines in output and new orders.<\/p>\n<p class=\"text-align-justify\">Besides that, employment conditions also declined with the outlook also taking a hit amid a steep deterioration in manufacturing sector confidence.<\/p>\n<p class=\"text-align-justify\">Of note, input price inflation accelerated sharply to its highest level since late 2022. Expect this trend to also show up across the whole region with regards to the PMI readings today. In turn, that will keep the ECB guarded amid fears of inflation spiking higher in the months ahead. For now, headline inflation is the one being impacted but it could very well spill over to core prices down the road.<\/p>\n<p class=\"text-align-justify\">HCOB notes that:<\/p>\n<p class=\"text-align-justify\">\u201cSpain\u2019s manufacturing economy returned to contraction<br \/>\nterritory during March as the Middle East war put pay<br \/>\nto any hopes in February of a short-term improvement<br \/>\nin performance. Output and new orders both fell, whilst<br \/>\nconfidence collapsed in the face of hostilities in the<br \/>\nMiddle East with firms extremely worried about the<br \/>\nprospect of a prolonged global economic slump in the<br \/>\nface of an energy-induced surge in inflation.\n<\/p>\n<p class=\"text-align-justify\">\u201cMuch of the outlook remains dependent on how the<br \/>\nconflict now unfolds. A quick resolution would likely only<br \/>\nmean a temporary setback for sector performance, but<br \/>\nfor the moment, business conditions have deteriorated<br \/>\nnoticeably. Alongside the slump in confidence, input cost<br \/>\ninflation has accelerated rapidly and now stands at its<br \/>\nhighest level since late 2022. Not surprisingly, supplychain disruption is also widespread, with input delivery<br \/>\ntimes lengthening markedly. And firms are somewhat<br \/>\nunderstandably responding to heightened uncertainty<br \/>\nand falling order books by cutting jobs and lowering<br \/>\npurchasing activity accordingly.\u201d<\/p>\n<p>                            This article was written by Justin Low at investinglive.com.<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Prior 50.0 Spain&#8217;s manufacturing sector activity falls back into contraction territory as the Middle East conflict starts to have an impact. The heightened uncertainty raised by the conflict and higher energy prices&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-429144","post","type-post","status-publish","format-standard","hentry","category-market-news"],"_links":{"self":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/posts\/429144","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=429144"}],"version-history":[{"count":0,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/posts\/429144\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/media?parent=429144"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/categories?post=429144"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/tags?post=429144"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}