Spain's manufacturing sector grows at fastest pace in over 10 years

SPAIN’S manufacturing sector has grown at the fastest pace in over 10 years, lifted by strong output and new business.

Markit’s Purchasing Managers’ Index (PMI) of manufacturing companies stood at 56.1 in November, up from 55.8 in October.

The index has held above the 50 line separating growth from contraction every month since November 2013.

“The Spanish manufacturing sector continued to motor midway through the final quarter of the year, with output growth quickening to a two-and-a-half year high. Central to the success of the sector is firms’ ability to secure new business, often from export markets,” associate director at IHS Markit Andrew Harker said.

The output index rose to 57.7 in November from 56.8 a month earlier, Markit said.

Spain was expected to grow in the fourth quarter at a similar rate as the third.

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Laurence Dollimore

Laurence Dollimore is a Spanish-speaking, NCTJ-trained journalist with almost a decade’s worth of experience.
The London native has a BA in International Relations from the University of Leeds and and an MA in the same subject from Queen Mary University London.
He earned his gold star diploma in multimedia journalism at the prestigious News Associates in London in 2016, before immediately joining the Olive Press at their offices on the Costa del Sol.
After a five-year stint, Laurence returned to the UK to work as a senior reporter at the Mail Online, where he remained for two years before coming back to the Olive Press as Digital Editor in 2023.
He continues to work for the biggest newspapers in the UK, who hire him to investigate and report on stories in Spain.
These include the Daily Mail, Telegraph, Mail Online, Mail on Sunday and The Sun and Sun Online.
He has broken world exclusives on everything from the Madeleine McCann case to the anti-tourism movement in Tenerife.

GOT A STORY? Contact newsdesk@theolivepress.es or call +34 951 273 575 Twitter: @olivepress

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