Spain Manufacturing Growth Slows as Supply Delays Worsen
The S&P Global Manufacturing PMI for Spain fell to 51.2 in May from 51.7 in April as Middle East conflict disruptions impacted supply chains. Manufacturers reported a drop in sales and new orders while input price inflation reached a four-year high.
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Xurve View
Spain manufacturing growth slowed in May as the Purchasing Managers Index fell to 51.2 from 51.7 in April. The reading marks a partial reversal of April's safety stock-driven expansion. Output rose for a second month, but at a marginally weaker pace than in April. Rising input costs and supply chain disruptions threaten the 2.2% GDP growth target for one of Europe's top-performing economies.
