The decline in the manufacturing PMI index
In November 2024, Spain’s manufacturing PMI index registered a value of 53.1 points, down from 54.5 points in October. This figure is lower than analysts’ expectations, who had forecast a decline to 54 points. Despite the decline, the index continues to indicate an expansion in manufacturing activity, although at a slower pace than the previous month. This could be a sign of an economic slowdown, which deserves a thorough analysis
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Implications for the Spanish economy
The manufacturing PMI is a key indicator of a country’s economic health, as it reflects the operating conditions of manufacturing companies. A value greater than 50 indicates expansion, while a value lower suggests contraction. Therefore, although the November figure remains above the 50 mark, the decline compared to the previous month could indicate a certain fragility in the sector. Economic experts warn that a slowdown in manufacturing activity could have repercussions on other sectors, affecting
employment and overall economic growth.
Market reactions and future prospects
On, Piazza Affari opened the week in negative territory, with the Ftse Mib selling 0.5%. In particular, the stock of Stellantis fell by 7.4% after the resignation of CEO Carlos Tavares. This event raised concerns among investors regarding the company’s stability and its ability to face market challenges. Market reactions suggest increasing caution among investors, who may be influenced by economic data and company news
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