Spain's Manufacturing PMI Falls Below Expectations in March

Spain's manufacturing sector experienced a downturn in March, with the Purchasing Managers' Index (PMI) registering at 48.7, falling short of the anticipated 50.4. According to Jin10, this decline marks a decrease from the previous month's PMI of 50, indicating contraction in the manufacturing industry. The lower-than-expected PMI suggests challenges in Spain's manufacturing sector, potentially impacting economic growth and investor sentiment.