AI Data Insight
Spain's latest manufacturing PMI for Q2 2026 dropped from the previous value of 51.2 to 49.7, missing the market consensus expectation of 51.0 and falling into contraction territory for the first time in nearly three months. Supply chain disruptions caused by Middle East geopolitics continue to drive up costs, resulting in a significant decline in new orders and export demand. Analytics firms point out that clients destocking safety inventories and high product selling prices are suppressing buying sentiment, and the production side will still face downside risks in the short term.