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Spanish manufacturing inches back to growth in July, PMI shows

By Thomson Reuters Aug 3, 2026 | 2:53 AM

Aug 3 (Reuters) – Spain’s manufacturing sector returned to marginal growth in July, even as output and new orders fell again amid ​market uncertainty and Middle East-related supply ‌disruption, a business survey showed on Monday.

• The S&P Spain Manufacturing Purchasing Managers’ Index (PMI) rose to 50.2 from 49.7 in June, a survey by S&P Global showed. ‌A ​Reuters survey of nine ⁠analysts had pointed to ⁠a reading of 50.0.

• “The uneven performance of Spain’s manufacturing sector seen in 2026 continued in July. Output and new orders both fell, ​linked to the underlying uncertainty presently dominating product markets,” said Paul Smith, Economics Director ⁠at S&P Global Market Intelligence.

• ⁠Production fell for a second straight ​month, while new orders declined for a third ​month running, though only marginally and at ‌a much slower pace than in June.

• New export sales fell again and by more than total new business.

• Supplier delivery times lengthened ⁠noticeably again in July as shipping disruption linked to the Middle East conflict persisted.

• Employment fell for an ⁠11th consecutive ‌month, although only marginally, as ⁠firms often chose not to replace ​leavers ‌and some held back from hiring ​because of ⁠weak sales.

• Price pressures eased further. Input cost inflation slowed for a second month to its weakest since February, while output price inflation softened to a five-month low.

(Reporting by Reuters; Editing by ​Toby Chopra)