Manufacturing production rises fast in Spain
Firms took on extra staff at a marked pace accordingly. Inflationary pressures continued to build, with rises in both input costs and output prices at multi-year highs.
The PMI rose to 55.3 in December, up from 54.5 in the previous month and signalling a marked monthly strengthening of the health of the sector. Moreover, the latest improvement was the greatest since January. Business conditions have now strengthened in each of the past 37 months.
Manufacturing production rose sharply in December, and at the fastest pace since January. The rate of growth has now accelerated in four consecutive months, with panellists mentioning higher new orders.
The rate of expansion in new orders also quickened amid reports of stronger client demand. Total new business growth was supported by a marked and accelerated rise in new export business. ■