02.01.202608:15:00UTC+00Spain's Manufacturing PMI Dips Below Growth Threshold in December 2025

In a recent update from HCOB, Spain's Manufacturing Purchasing Managers' Index (PMI) showed a decrease, falling below the expansion threshold to 49.6 in December 2025, a dip from November's figure of 51.5. This decline, reported on January 2, 2026, suggests a contraction in the sector, as values below 50 typically indicate shrinking activity.

November had marked a favorable period for Spanish manufacturers with a PMI above 50, indicating growth. However, the December data reflects new challenges as the sector slips back into contraction territory, potentially due to diminishing new orders or production volumes.

The drop might signal existing challenges faced by manufacturers, including global supply chain disruptions or shifts in domestic economic conditions. Analysts will be keen to monitor if this trend continues, which could have broader implications for Spain's economic outlook in early 2026. As such, stakeholders and policymakers will need to consider strategic measures to navigate the fluctuating manufacturing landscape.