Spanish manufacturing conditions showed a degree of stability in February, following two successive months of contraction, as declines in new orders, employment and inventories all softened, encouraging firms to hold firm with their production levels. Rising cost pressures continued to trigger some caution, however, and contributed to the first increase in factory gate prices since August 2025. 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 – rose to its neutral mark of 50.0 in ... (full story)