The manufacturing sector maintains its growth in June | Business

MADRID (Reuters) – Growth in Spanish manufacturing activity remained stable in June compared with the previous month, ending with a three-month decline reflecting a slowdown in the economy after years. strong expansion.

The Markit PMI index of Spanish manufacturing companies remained at 53.4 in June, now the May figure. The reading was lower than the forecast of 53.7 among six economists in a Reuters poll, but it went on with a race of nearly five years above the 50 mark that separates growth from contraction.

Since 2013, Spain is recovering from a deep recession faster than the rest of Europe, but growth is slowing and is expected to reach 2.7% this year, after three consecutive years at least 3 percent growth.

"Growth in the Spanish manufacturing sector has been moderated clearly since the beginning of the year, the strong growth rates observed previously proved unsustainable," said economist Andrew Harker. at Markit.

But the outlook for the sector is good, Harker said, noting that the growth of new orders at 53.0 vs. 52.6 in May "gives some optimism that the rate of expansion may be slow. install around the solid current levels. "