AI Data Insight
The latest final Spain Manufacturing PMI for Q3 2026 dropped to 49.5, falling short of the previous value of 50.2 and the market consensus of 50.1, signaling a return to the contraction zone. Caught between a rebound in energy costs and a dual decline in domestic and foreign demand, both output and new orders shrank simultaneously. Corporate profit margins face significant compression, posing severe challenges to the short-term recovery of the manufacturing sector.