Spain’s Manufacturing Activity Recovers

Spain’s manufacturing data According to Markit Economics, Spain’s manufacturing PMI (purchasing managers’ index) score rose to 56.1 in November 2017 from 55.8 in October 2017. Although the PMI figure didn’t beat the preliminary estimate of 56.5, it marked the fastest expansion seen since February 2007. Spain’s stronger manufacturing PMI performance was mainly due to increases in the following: improved […]

Sarah Sands - Author
By

Dec. 8 2017, Updated 7:32 a.m. ET

uploads///Spain Manufacturing PMI in November

Spain’s manufacturing data

According to Markit Economics, Spain’s manufacturing PMI (purchasing managers’ index) score rose to 56.1 in November 2017 from 55.8 in October 2017. Although the PMI figure didn’t beat the preliminary estimate of 56.5, it marked the fastest expansion seen since February 2007.

Spain’s stronger manufacturing PMI performance was mainly due to increases in the following:

  • improved production output
  • new business and export orders
  • manufacturing sector employment
Article continues below advertisement
Article continues below advertisement

ETF performance in November

The iShares MSCI Spain Capped ETF (EWP), which tracks Spain’s performance, fell 0.6% in November 2017, and the Vanguard FTSE Europe ETF (VGK), which tracks Europe’s (HEDJ) (EZU) (IEV) economic performance, fell 0.1%. Major Eurozone economies, such as Germany (EWG), France (EWQ), and the Netherlands, are showing improved economic activity, and Spain is recovering gradually, which may signal opportunities in European equity markets. In the next part of this series, we’ll analyze the US GDP in 3Q17.

Advertisement

Latest BTC iShares MSCI France ETF News and Updates

    Opt-out of personalized ads

    © Copyright 2024 Market Realist. Market Realist is a registered trademark. All Rights Reserved. People may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.