西班牙制造业连续六个月扩张 但出口疲软凸显外部风险

Core Viewpoint - Spain's manufacturing sector continued its expansion in October, with the Purchasing Managers' Index (PMI) rising to 52.1 from 51.5 in September, marking the sixth consecutive month above the 50 threshold, indicating ongoing growth in manufacturing activity [1] Manufacturing Sector Summary - The main drivers of manufacturing expansion were output and new orders growth [1] - New export orders declined for the second consecutive month, with the fastest drop in five months, attributed to weak demand from political turmoil in France and U.S. trade protectionism [1] - Employment in the manufacturing sector saw a slight decrease, with cautious signals in the labor market affecting companies' willingness to expand hiring [1] Business Confidence and Investment - Despite export pressures, manufacturing firms showed improved confidence, with most expecting a rebound in future demand [1] - Some companies plan to increase investments and enhance capacity in the coming year [1] Macroeconomic Overview - Spain's overall economic performance remains robust, supported by a thriving tourism sector, an active labor market driven by immigration, and stable domestic demand [1] - The government raised its annual economic growth forecast from 2.6% to 2.7% [1] - Official data indicated a 0.6% quarter-on-quarter growth in Q3 2024, slightly down from 0.8% in Q2, with a year-on-year growth rate of 2.8% [1]