Spanish manufacturing PMI jumped to its best level in two years in May, increasing to 48.1 from...

|By:, SA News Editor

Spanish manufacturing PMI jumped to its best level in two years in May, increasing to 48.1 from 44.7 in April as new orders surged 6.5 points to 49.5. To poop the party a bit, its worth noting that manufacturing still contracted, while Markit expressed concern that the sector is reliant on exports, with domestic demand showing "little sign of revival." (PR)