Market Updates: Spanish Manufacturing PMI Slips to 49.9

Posted Friday, March 1, 2019 by
Arslan Butt • 1 min read

The Markit just released the Spanish PMI data and there was little change in Spanish manufacturing operating conditions during February. Marginal rise in production was offset by a modest reduction in new work and a near stagnation of employment.

Inventories of finished goods were reduced markedly in response to weakening trends in output and demand, whilst business confidence softened to a three-month low. For now, the Spanish PMI has dropped to 49.9 vs. 52.4 forecast.

Check out our free forex signals
Follow the top economic events on FX Leaders economic calendar
Trade better, discover more Forex Trading Strategies
Related Articles
0 0 vote
Article Rating
Notify of
Inline Feedbacks
View all comments