Spain’s manufacturing economy expanded at a solid and slightly quicker rate in October amid upturns in both production and new orders. However, order books were largely underpinned by higher domestic demand as new export business deteriorated for a second month running. Employment numbers were also lowered marginally despite an uplift in confidence. Price indices meanwhile showed falls in both input costs and output charges. The seasonally adjusted HCOB Spain Manufacturing Purchasing Managers’ IndexTM (PMI®) – a composite index designed to provide a summary of operating conditions in the manufacturing economy – ... (full story)