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Spain's manufacturing activity contracts again in March, PMI shows

The HCOB Spain Manufacturing Purchasing Managers' Index (PMI) slipped to 49.5 in March from 49.7 in February, remaining below the 50.0 threshold that separates growth from contraction. The decline in new orders, attributed mainly to geopolitics and tariff concerns, led manufacturers to reduce inventories and purchasing activity. "Panellists reported increased client uncertainty following the erratic tariff announcements, leading to the postponement of deals," said Jonas Feldhusen, Junior Economist at Hamburg Commercial Bank.

The HCOB Spain Manufacturing Purchasing Managers' Index (PMI) slipped to 49.5 in March from 49.7 in February, remaining below the 50.

0 threshold that separates growth from contraction. The decline in new orders, attributed mainly to geopolitics and tariff concerns, led manufacturers to reduce inventories and purchasing activity. "Panellists reported increased client uncertainty following the erratic tariff announcements, leading to the postponement of deals," said Jonas Feldhusen, Junior Economist at Hamburg Commercial Bank.

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