MADRID: Markit’s Purchasing Managers’ Index (PMI) of manufacturing companies stood at 54.8 in March, down from 56.0 in February. The index has held above the 50 line separating growth from contraction every month since November 2013.
“The slowdown in the rate of output growth led to one of the strongest increases in outstanding business ever recorded, suggesting that firms will have to expand production to work through this backlog in coming months,” Harker said.
Growth in Spain’s manufacturing sector eased slightly in March from a month earlier, a survey showed on Tuesday, although strong new orders helped fuel its continued expansion.