Spain's factory sector expanded at the fastest pace in over two-an-a-half years in October, driven by significant growth in output and new orders amid an improvement in market demand, results of the latest purchasing managers' survey by S&P Global showed on Monday.
The HCOB Spain manufacturing purchasing managers' index rose to 54.5 from 53.0 in September, surpassing the 53.1 reading economists had expected. The latest reading was the strongest since February 2022.
A PMI reading above 50 suggested growth in the Spanish manufacturing sector for a ninth consecutive month.
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by Jyotsna V
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