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Markit Economics released its final manufacturing purchasing managers' index (PMI) for Spain on Monday. Spain's manufacturing purchasing managers' index (PMI) declined to 51.3 in October from 51.7 in September. It was the lowest level since December 2013.
The decline was driven by a slower pace of production growth and a decline in input prices.
"It's looking like a low key end to the year for the Spanish manufacturing sector as growth rates for output, new orders and employment have all slowed to a crawl in recent months. The forthcoming election is likely resulting in some caution among firms and clients alike as they wait to see the outcome of the December vote," a senior economist at Markit Andrew Harker said.
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