FX.co ★ Spain's Manufacturing PMI Shows Growth in April

Spain's manufacturing sector showed signs of growth in April, according to the latest data released by the Spanish government. The Spain Manufacturing Purchasing Managers' Index (PMI) for April 2024 reached a reading of 52.2, up from the previous month's reading of 51.4 in March 2024. This increase indicates an expansion in the country's manufacturing activity, reflecting a positive trend in the sector.

The updated PMI figure of 52.2 for April 2024 suggests an improvement in business conditions and a higher level of confidence among manufacturers in Spain. The data, released on 2nd May 2024, underlines the resilience of the country's manufacturing industry amidst ongoing global economic challenges. As Spain continues to navigate through various economic headwinds, the positive growth in the manufacturing sector is a welcome sign for the nation's overall economic outlook.