Spain December manufacturing PMI 46.2 vs 47.0 expected ...Middle East

Prior 46.3The downturn in Spain's manufacturing sector continues to end last year with both output and new orders falling again. The good news at least is that firms are anticipating a rebound in output for this year, although optimism remains relatively low when put into context to the survey's history. But at least there was another drop in input prices, making it the tenth month in a row that a decline was observed. HCOB notes that:“While many people were hoping for ‘El Gordo’ lottery in December, manufacturers remained mired in the doldrums. The headline PMI dipped further from an already low level to 46.2, propelled by a swifter decline in new orders and an accelerated rate of destockin

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