Markit Spain Manufacturing Purchasing Managers Index (PMI)

Country:
Spain
EUR, Euro
Source:
Sector:
Business
Medium 49 32.8
38.3
Last release Importance Actual Forecast
Previous
50
49
Next release Actual Forecast
Previous
  • Overview
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Spain's Markit Manufacturing Purchasing Managers Index (PMI) is a macroeconomic report, which demonstrates the economic activity in the Spanish manufacturing sector based on information received from a monthly survey of purchasing managers from the largest companies. The index is prepared by Markit Economics. The index calculation implies the evaluation of corresponding characteristics: respondents determine whether the situation has improved, deteriorated or has not changed. The responses are evaluated taking into account the significance of surveyed companies.

Unlike government indices, the Manufacturing PMI is published at the beginning of the month and demonstrates the national economy state and developments similarly to Tankan in Japan or ISM in the USA.

The Spanish PMI is calculated by Markit Economics in partnership with the Spanish association of purchasing, contracting and procurement professionals (Asociación Española de Profesionales de Compras, Contratación y Aprovisionamientos (AERCE)).

The questionnaire covers a number of parameters, including new orders, performance, prices, inventory and employment. The most important of them are new orders received and intensity of production, while their combined share is more than 50%.

Parameters:
  • New orders received from clients
  • Intensity of production (speed and level)
  • Supplier deliveries (fast or slow)
  • Company inventories
  • Company employment rate
  • Client inventories (approximate evaluation of inventories by the company's clients)
  • Prices the company pays for products and services
  • Order backlogs (increase or decrease)
  • New export orders (the number of orders to be exported)
  • Import (amount of imported materials).

The index is seasonally adjusted. Readings above 50 indicate manufacturing sector growth and can have a positive effect on euro quotes. Lower values may indicate possible decrease in economic activity. Readings below 42 can be an indication of possible recession.

The Manufacturing Purchasing Managers Index is one of the main indicators of economic development and a leading indicator of possible recession or economic growth. Purchasing managers are among the first to know when the market conditions change, since they work in the short term and can monitor trends towards changing economic conditions. The Manufacturing PMI growth can demonstrate favorable conditions in the current market and can therefore be seen as positive for the euro.

Last values:

actual data

forecast

The chart of the entire available history of the "Markit Spain Manufacturing Purchasing Managers Index (PMI)" macroeconomic indicator. The dashed line shows the forecast values ​​of the economic indicator for the specified dates.

A significant deviation of a real value from a forecast one may cause a short-term strengthening or weakening of a national currency in the Forex market. The threshold values ​​of the indicators signaling the approach of the critical state of the national (local) economy occupy a special place.

Date (GMT)
Reference
Actual
Forecast
Previous
Jun 2020
49
32.8
38.3
May 2020
38.3
38.1
30.8
Apr 2020
30.8
48
45.7
Mar 2020
45.7
49.4
50.4
Feb 2020
50.4
47.9
48.5
Jan 2020
48.5
47.4
47.4
Dec 2019
47.4
47.1
47.5
Nov 2019
47.5
47.2
46.8
Oct 2019
46.8
48.2
47.7
Sep 2019
47.7
48.5
48.8
Aug 2019
48.8
48
48.2
Jul 2019
48.2
47.2
47.9
Jun 2019
47.9
48.5
50.1
May 2019
50.1
51.9
51.8
Apr 2019
51.8
51.5
50.9
Mar 2019
50.9
54.5
49.9
Feb 2019
49.9
53.6
52.4
Jan 2019
52.4
51.1
51.1
Dec 2018
51.1
52.6
Nov 2018
52.6
51.8
Oct 2018
51.8
51.4
Sep 2018
51.4
53
Aug 2018
53
52.9
Jul 2018
52.9
53.4
Jun 2018
53.4
53.4
May 2018
53.4
54.4
Apr 2018
54.4
54.8
Mar 2018
54.8
56
Feb 2018
56
55.2
Jan 2018
55.2
55.8
Dec 2017
55.8
56.1
Nov 2017
56.1
55.8
Oct 2017
55.8
54.3
Sep 2017
54.3
52.4
Aug 2017
52.4
54
Jul 2017
54
54.7
Jun 2017
54.7
55.4
May 2017
55.4
54.5
Apr 2017
54.5
53.9
Mar 2017
53.9
54.8
Feb 2017
54.8
55.6
Jan 2017
55.6
55.3
Dec 2016
55.3
54.5
Nov 2016
54.5
53.3
Oct 2016
53.3
52.3
Sep 2016
52.3
51
Aug 2016
51
51
Jul 2016
51
52.2
Jun 2016
52.2
51.8
May 2016
51.8
53.5

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