It’s manufacturing PMI in Europe today and the member states are chucking out their data all over the place. Here’s what we’ve got so far;
- Ireland 55.3 vs 55.0 prior
- Poland 50.3 vs 50.8 prior
- Holland 52.3 vs 53.6 prior
- Sweden 54.8 vs 54.1 prior
- Hungary 51.5 vs 53.8
Spanish manufacturing activity hit a seven-year high on Monday with output, new orders and employment all picking up in comparison with May.
Data provider Markit said business conditions in Spain have now brightened for seven months in a row, and June delivered the biggest improvement since it was hit by the financial crisis in 2007.
The Markit Purchasing Managers Index for manufacturing rose to 54.6 in June, from 52.9 in May and better than the expected reading of 53.
Andrew Harker, senior economist at Markit, said:
In contrast to the disappointing results for La Roja in Brazil, the performance of the Spanish manufacturing sector provided plenty of encouragement in June.
Sharp rises in output and new orders were recorded, while the rate of job creation picked up to its strongest since mid-2007.
This all added up to the strongest monthly improvement in the health of the sector for seven years. Adding to positive signs was a second successive monthly rise in output prices as client demand strengthens.
- Russia 49.1 vs 48.5
- Norway 49.6 unch
- Turkey 48.8 vs 50.1 prior