Spain’s manufacturing sector moved back into expansion territory in April, as the HCOB Spain Manufacturing PMI rose to 51.7, up sharply from 48.7 in March 2026.
The March reading had signalled contraction in the industrial sector, with the index below the 50-point threshold that separates expansion from decline. The April 2026 figure at 51.7 marks a notable turnaround, suggesting improving operating conditions for Spanish manufacturers and hinting at a more resilient backdrop for the country’s industrial output.
The latest data, updated on 4 May 2026, will be closely watched by investors and policymakers as a potential sign that demand conditions are stabilising after recent weakness, and that Spain’s manufacturing base may be regaining momentum heading into the second quarter of the year.
