The seasonally adjusted Markit Spain Purchasing Managers’ Index rose to 54.7 in January from 53.8 in December.
According to the Markit survey, manufacturing production increased sharply at the start of the year, with the rate of growth picking up since December. Markit reported that further gains in new orders had been the main factor leading output to rise.
The rate of expansion in new business also quickened in January as new orders rose for the fourteenth month running. Respondents suggested that market improvements had helped them to secure greater levels of new business. Meanwhile, new export orders continued to rise solidly.
Andrew Harker, senior economist at Markit and author of the report, said: “The Spanish manufacturing sector began the new year as it ended the previous one, with solid growth of production and new business amid reports of improving economic conditions. Particularly welcome was a further acceleration in the rate of job creation. Meanwhile, the recent decreases in the price of oil had a clear impact on costs in the sector, with input prices falling to the greatest extent since mid-2009.”
According to the Markit survey, manufacturing production increased sharply at the start of the year, with the rate of growth picking up since December. Markit reported that further gains in new orders had been the main factor leading output to rise.
The rate of expansion in new business also quickened in January as new orders rose for the fourteenth month running. Respondents suggested that market improvements had helped them to secure greater levels of new business. Meanwhile, new export orders continued to rise solidly.
Andrew Harker, senior economist at Markit and author of the report, said: “The Spanish manufacturing sector began the new year as it ended the previous one, with solid growth of production and new business amid reports of improving economic conditions. Particularly welcome was a further acceleration in the rate of job creation. Meanwhile, the recent decreases in the price of oil had a clear impact on costs in the sector, with input prices falling to the greatest extent since mid-2009.”
