{"id":431230,"date":"2026-06-01T14:40:05","date_gmt":"2026-06-01T07:40:05","guid":{"rendered":"https:\/\/www.swingfish.trade\/blog\/market-news\/2026\/06\/spanish-manufacturing-activity-eases-in-may-as-safety-stock-surge-from-april-unwinds\/"},"modified":"2026-06-01T14:40:05","modified_gmt":"2026-06-01T07:40:05","slug":"spanish-manufacturing-activity-eases-in-may-as-safety-stock-surge-from-april-unwinds","status":"publish","type":"post","link":"https:\/\/www.swingfish.trade\/blog\/market-news\/2026\/06\/spanish-manufacturing-activity-eases-in-may-as-safety-stock-surge-from-april-unwinds\/","title":{"rendered":"Spanish manufacturing activity eases in May as safety stock surge from April unwinds"},"content":{"rendered":"<div>\n<ul>\n<li>May manufacturing PMI 51.2 vs 52.0 expected<\/li>\n<li>Prior 51.7<\/li>\n<\/ul>\n<p class=\"text-align-justify\">April was defined by firms rushing orders to stock up, so naturally May is showing some of that unwinding as new orders placed<br \/>\nwith manufacturers declined. The standout details from the report though are that supply chain delays are intensifying as product shortages were<br \/>\nreported, and also input prices rising further to a greater degree.<\/p>\n<p class=\"text-align-justify\">The former sees a further deterioration in vendor times, which was the greatest seen in<br \/>\nfour years, as the Middle East conflict continues to weigh. The report points out that: &#8220;Panellists<br \/>\nnoted that delays on maritime routes were considerable,<br \/>\nproduct shortages widespread and prices for inputs,<br \/>\nespecially for oil and oil-derivatives were rising precipitously.&#8221;<\/p>\n<p class=\"text-align-justify\">And on the inflation front: &#8220;Prices paid<br \/>\nfor inputs by manufacturers rose to the greatest degree for<br \/>\nfour years and amongst the strongest rates in the survey<br \/>\nhistory. The acceleration in inflation seen in the past three<br \/>\nmonths has also been unprecedented since data were first<br \/>\ncollected in early 1998.&#8221;<\/p>\n<p class=\"text-align-justify\">As higher input cost inflation becomes more embedded, selling charges also increased on the month as firms look to try and protect their margins further. Of note, the degree of charge inflation remains elevated in the context of the survey history even if a little softer than April\u2019s near three-and-a-half year<br \/>\nhigh.<\/p>\n<p>                            This article was written by Justin Low at investinglive.com.<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>May manufacturing PMI 51.2 vs 52.0 expected Prior 51.7 April was defined by firms rushing orders to stock up, so naturally May is showing some of that unwinding as new orders placed&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-431230","post","type-post","status-publish","format-standard","hentry","category-market-news"],"_links":{"self":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/posts\/431230","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=431230"}],"version-history":[{"count":0,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/posts\/431230\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/media?parent=431230"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/categories?post=431230"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/tags?post=431230"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}