Spain manufacturing sector growth gains momentumStaff Writer | May 2, 2017
Spain's manufacturing sector expanded at a strong pace in April with faster rises in output, new orders and employment, survey data from IHS Markit showed.
Europe Survey data from IHS Markit:
Output grew at the fastest pace in three months. New business also expanded in April with new export orders rising particularly sharply.
Although remaining marked, the rate of input cost inflation eased from March's near six-year high. At the same time, output price inflation remained broadly in line with that seen in March.
Andrew Harker, a senior economist at IHS Markit, said, "There was a welcome tick-up in growth in the Spanish manufacturing sector during April, after weaker rises in output and new orders had been seen throughout the first quarter of the year." ■