Spain manufacturing returns to growth as orders rise

Spain Manufacturing PMI rose to 51.7 in April as clients secured stock amid supply disruptions. Output grew at the strongest pace recorded in five months.

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Spain manufacturing activity returned to expansion in April as the PMI rose to 51.7 from 48.7 in March. It is the first time the index has crossed the 50-point growth threshold since November. Supply chain disruptions forced manufacturers to build inventories, masking an eighth consecutive month of falling export demand.

Supply Fears Drive Inventory Accumulation

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