Manufacturing activity in Spain in the last month rose for the fifth month in a row, while the growth rate remained almost unchanged. This is evidenced by data released on Friday companies Markit. Based on these data, in the 2nd quarter of growth continued to accelerate.
Purchasing Managers Index (PMI) for the manufacturing, compiled from a survey of over 400 manufacturers in April fell slightly to 52.7 against 52.8 in March. Readings above 50.0 indicates expanding activity.
This report indicates that growth is likely to continue in the coming months as new orders continued to grow due to increased exports.