Spain's manufacturing sector continues to show signs of expansion as the latest readings from the HCOB Spain Manufacturing Purchasing Managers' Index (PMI) reveal an increase to 53.3 in December 2024, up from 53.1 in November 2024. The data, updated on January 2, 2025, indicates a slight but positive shift in manufacturing activity, suggesting sustained growth in the sector.
This slight uptick in the PMI, which gauges the health of the manufacturing sector through metrics such as output, new orders, and employment, reflects an ongoing improvement and resilience within the Spanish economy. A PMI over 50 typically signifies growth, and with the index settling at 53.3, it marks a consistent expansion phase for Spanish manufacturers.
Despite global economic uncertainties, Spain’s manufacturing industry demonstrates robust performance, driven by strong domestic orders and steady employment levels. These trends are pivotal for the nation's economic stability and growth prospects for the foreseeable future. With this latest report, stakeholders remain cautiously optimistic about the manufacturing outlook as 2025 unfolds.
