AI Data Insight
Spain's latest Q3 2026 Manufacturing PMI recorded 50.2, rebounding slightly from the previous 49.7 and returning above the 50 expansion-contraction threshold, but still lower than the market estimate of 50.7. Although the headline index returned to expansion, key sub-components such as output and new orders continued to contract, indicating that supply chain disruptions caused by geopolitical conflicts remain the main headwind currently facing the manufacturing sector.