He Spanish manufacturing pmi published by S&P Global has risen 2.4 points in May, rising to 50.5 points compared to April 48.1. The indicator reaches its highest level in four months, also returning to expansion territory since January.
According to the statement, the Manufacturing sector records the first economic growth since Januaryregistering an increase in production and an increase in business confidence. In addition, there has been a rise in the level of employment and much slower falls of the new orders.
Euro reaction
The euro has shot in the last minutes, reaching maximums already tested a week ago in 1,1420. At the time of writing, the EUR/USD quotes over 1,1418, winning 0.62% in the day.
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:
Lun Jun 02, 2025 07:15
Frequency:
Monthly
Current:
50.5
Dear:
–
Previous:
48.1
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.
