Market Updates: Spanish Manufacturing PMI Slips to 49.9 - Forex News by FX Leaders

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.

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About the author

Arslan Butt // Index & Commodity Analyst
Arslan Butt is our Lead Commodities and Indices Analyst. Arslan is a professional market analyst and day trader. He holds an MBA in Behavioral Finance and is working towards his Ph.D. Before joining FX Leaders Arslan served as a senior analyst in a major brokerage firm. Arslan is also an experienced instructor and public speaker.
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