Spain Markit Oct mftg PMI data just out 2 Nov
- highest since May 2015
- 54.3 prev
- sharper increases in output and new orders
- rate of job creation accelerates
- stocks of purchases rise at fastest pace since July 2000
A better beat to the data with more EZ PMIs to come before the top of the hour and UK construction PMI at 09.30 GMT
Says Markit:
The Spanish manufacturing sector gained further growth momentum during October, with sharp and accelerated rises in output, new orders and employment recorded. Firms responded to higher workloads by increasing purchasing activity, in turn leading to one of the fastest rises in input stocks in the survey's history.
Meanwhile, inflationary pressures gathered pace amid reports of raw material shortages. This also contributed to longer suppliers' delivery times
Full report here
