October 2017 Spain Markit manufacturing PMI 02 November 2017

  • Prior 54.3
  • Expectations 62.7 vs 67.6 prior. Lowest for two years
  • There was an increase in both input and output prices

“There was no discernible impact from the political situation in Catalonia on manufacturers’ operationsin October, but a drop off in sentiment regarding the 12-month outlook was partly attributed to uncertainty surrounding the current political environment.” Said IHS Markit’s Andrew Harker.

The euro is celebrating Spain’s manufacturing success by dropping 5 pips to 1.1635.

Ryan Littlestone

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