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Spain: Solid rise in production underpins accelerated expansion of manufacturing sector in July
Operating conditions in Spain’s manufacturing economy continued to steadily improve in July. Output rose to a solid degree, whilst sales strengthened for a second month in a row and to the greatest degree of the year so far. Job creation was sustained, although confidence in the outlook sank to its lowest level since April. Moreover, vendor performance deteriorated again and, combined with a keenness amongst firms to utilise existing inventory, resulted in falls in both input stocks and buying activity. Price data showed a modest uptick in input costs as tariffs pushed up supplier charges. The HCOB Spain ... (full story)
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