Spain’s manufacturing economy continued to expand in June, but at a more modest pace. Both output and new orders rose on the back of positive demand conditions, whilst firms continued to add to their staffing levels. However, growth rates were down in all instances, whilst confidence in the future hit its lowest level of the year so far. Cost pressures intensified, as input prices rose to the greatest degree since late 2022. The headline HCOB Spain Manufacturing Purchasing Managers’ IndexTM (PMI®) remained above the crucial 50.0 nochange mark in June, extending the current period of improving operating conditions to ... (full story)