Spain’s manufacturing PMI returns to contractionary territory, falling to 48.7 points in March
CdM | Spain’s manufacturing sector has slipped back into contraction territory in March, according to the PMI index, against a backdrop of significant geopolitical uncertainty, as the war in the Middle East dashed hopes of a short-term improvement seen in February. “Both production and new orders fell, whilst confidence plummeted in the face of hostilities in the Middle East. Companies are extremely concerned about the prospect of a prolonged global…
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