uploads///Spain Manufacturing PMI in February

A Look at Spain’s Manufacturing Purchasing Managers’ Index


Apr. 12 2018, Updated 3:25 p.m. ET

Spain manufacturing PMI in March 2018

According to a report by Markit Economics, Spain’s manufacturing PMI stood at 54.8 in March as compared to 56 in February 2018. The March PMI figure met the preliminary market estimate of 54.8, but it was the lowest expansion in factory activity since October 2017.

Spain’s March manufacturing PMI was mainly affected by the following factors:

  • Production volume and output witnessed weaker improvements in March as compared to February 2018. Similarly, the factory activity also slowed in that month.
  • Both new business orders and export orders also showed a weaker improvement in March 2018.
  • The employment in the manufacturing sector also showed a softer rise in that month.
Article continues below advertisement

Performance of various ETFs in March

The iShares MSCI Spain Capped ETF (EWP), which tracks Spain’s performance, fell 1% in March 2018. However, the Vanguard FTSE Europe ETF (VGK), which tracks Europe’s (IEV) (N100-INDEX) economic performance, rose 0.3% in March 2018.

The weaker manufacturing PMI in March was mainly due to the slower client demand both from domestic and overseas markets. Consumers’ purchasing activity also fell marginally in that month. The rising concern about the global trade war affected international demand as well as the country’s export orders.

In the next part of this series, we’ll analyze the final manufacturing PMI of the Eurozone in March 2018.


More From Market Realist

  • Open sign on a sidewalk
    Macroeconomic Analysis
    Top Reopening Stocks to Play the Shifting Market Sentiment
  • Morgan Stanley sign and stock numbers
    Macroeconomic Analysis
    Morgan Stanley's Buyback Stock Picks in 2021
  • Black Wall Street sign is sign of ethical investing
    Macroeconomic Analysis
    Ethical Investing Stocks and Funds for Your 2021 Portfolio
  • New York City skyline and Goldman Sachs logo
    Macroeconomic Analysis
    Goldman Sachs: Options Trade Picks to Play Earnings Season Volatility
  • CONNECT with Market Realist
  • Link to Facebook
  • Link to Twitter
  • Link to Instagram
  • Link to Email Subscribe
Market Realist Logo
Do Not Sell My Personal Information

© Copyright 2021 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.