{"id":439183,"date":"2026-10-01T14:15:08","date_gmt":"2026-10-01T07:15:08","guid":{"rendered":"https:\/\/www.swingfish.trade\/blog\/market-news\/spain-manufacturing-returns-to-growth-in-september-but-price-pressures-build-439183\/"},"modified":"2026-10-01T14:15:08","modified_gmt":"2026-10-01T07:15:08","slug":"spain-manufacturing-returns-to-growth-in-september-but-price-pressures-build","status":"publish","type":"post","link":"https:\/\/www.swingfish.trade\/blog\/market-news\/spain-manufacturing-returns-to-growth-in-september-but-price-pressures-build-439183\/","title":{"rendered":"Spain manufacturing returns to growth in September but price pressures build"},"content":{"rendered":"<div>\n<ul>\n<li>Spain September manufacturing PMI 51.0 vs 50.1 expected<\/li>\n<li>Prior 49.5<\/li>\n<\/ul>\n<p style=\"text-align: justify\" class=\"text-align-justify\">Spain&#8217;s manufacturing economy returned to growth territory in September, although\u00a0the sector\u2019s underlying performance<br \/>\nremained subdued.<\/p>\n<p style=\"text-align: justify\" class=\"text-align-justify\">The details show that production increased but\u00a0overall new work continued to decline amid<br \/>\nongoing uncertainty and rising prices, especially for energy. Of note, new order inflows fell for a fifth successive month, although the pace of contraction was only marginal. Firms cited\u00a0ongoing uncertainty and the negative impact on demand<br \/>\nof rising prices, which were reported by manufacturers to<br \/>\nbe again increasing steeply.<\/p>\n<p style=\"text-align: justify\" class=\"text-align-justify\">Meanwhile, both\u00a0input and output prices increased at accelerated and<br \/>\nabove trend rates in September. So, that just adds to concerns on inflation and price pressures to the ECB debate.<\/p>\n<p style=\"text-align: justify\" class=\"text-align-justify\">Input cost inflation was the strongest in four months, and companies saw\u00a0little choice but to raise their own charges in response. That in turn saw output price inflation also picking up to a three-month high<br \/>\nalbeit restricted in part by competitive pressures.<\/p>\n<p style=\"text-align: justify\" class=\"text-align-justify\">Besides that, supply-side\u00a0challenges remained apparent in September<br \/>\nand was another source of inflationary pressures to the economy.\u00a0Average<br \/>\nlead times for the delivery of inputs continued to lengthen<br \/>\nat a historically steep pace, linked by firms to delays on<br \/>\nkey maritime shipping routes and a general lack of stock<br \/>\nat vendors.<\/p>\n<p style=\"text-align: justify\" class=\"text-align-justify\">On its own, the data here represents only one part of the euro area economy. So, the implications toward the ECB outlook are rather limited in isolation.\u00a0The bigger question is whether the major country and Eurozone PMIs tell the same story about whether the economy is improving and more importantly, whether\u00a0price pressures starting to become more uncomfortable again.<\/p>\n<\/p>\n<p>                            This article was written by Justin Low at investinglive.com.<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Spain September manufacturing PMI 51.0 vs 50.1 expected Prior 49.5 Spain&#8217;s manufacturing economy returned to growth territory in September, although\u00a0the sector\u2019s underlying performance remained subdued. The details show that production increased but\u00a0overall&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-439183","post","type-post","status-publish","format-standard","hentry","category-market-news"],"_links":{"self":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/posts\/439183","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=439183"}],"version-history":[{"count":0,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/posts\/439183\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/media?parent=439183"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/categories?post=439183"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/tags?post=439183"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}