He PMI Global S&P manufacturing for Spain showed a drop of 1.4 points in April, sliding to 48.1 from March 49.5. This is the fourth consecutive month of falls for the indicator, which reaches its Lower level in 13 months.
The figure has also disappointed market expectationssince an increase was expected to 50 points.
According to the statement, the economic deceleration of the manufacturing sector intensifies in April, registering the Greater cut of new orders since December 2023. Confidence in perspectives deteriorates while production is reduced slightly for the first time since August 2024.
Euro reaction
The euro stands firm in what we have on Friday. After the publication, the EUR/USD has tried a maximum of the day in 1,1331, but has subsequently retreated around 1,1322, where it now operates by winning 0.88% daily.
Economic indicator
PMI Global S&P manufacturing
The manufacturing purchase managers index (PMI) published by the Markit Economics Capture business conditions in the manufacturing sector. The PMI is an important indicator of the business conditions and the economic conditions of Spain. A reading exceeding 50 points indicates expansion in economic activity, while a reading of less than 50 points implies a decrease in activity. A result superior to what is expected is bullish for the euro, while a result less than consensus is bassist.
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Last publication:
Old May 02, 2025 07:15
Frequency:
Monthly
Current:
48.1
Dear:
50
Previous:
49.5
Fountain:
S&P global
Source: Fx Street
I am Joshua Winder, a senior-level journalist and editor at World Stock Market. I specialize in covering news related to the stock market and economic trends. With more than 8 years of experience in this field, I have become an expert in financial reporting.
