Viva Espana: Spain on the mend as northern countries flounder

Chris Papadopoullos
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SPAIN’S manufacturing sector was the fastest growing of the big four Eurozone nations, according to survey data released yesterday.

The purchasing managers index published by Markit was 52.6 for Spanish manufacturing which means the sector is growing at a respectable rate.

Spain’s manufacturing PMI has now grown for 10 consecutive months. Meanwhile, the economy grew 0.6 per cent from April to June. It grew 0.4 per cent in the three months before and now seems impervious to the troubles plagueing the rest of the currency union.

“The Spanish manufacturing sector continued to tick along nicely in September, completing another solid quarter. Growth continues to be driven by inflows of new business, which supported a further expansion of workforce numbers,” said economist Andrew Harker from Markit.

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