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Spain: Steeper drop in new orders and lower output underpins deterioration of manufacturing sector in June
Spain’s manufacturing sector experienced a deterioration in operating conditions during June. New orders fell to a greater and marked degree, whilst production declined for the first time in three months. Supply delays remained common, linked to the conflict in the Middle East, whilst input price inflation was again elevated – despite easing noticeably since May. Selling charges increased to the greatest degree since October 2022. Employment also fell slightly in June partly due to ongoing uncertainty in the outlook. Although sentiment edged higher, it remained below trend as firms were discouraged by the recent ... (full story)
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