Spanish Manufacturing Finishes 2016 on a High

Spanish Manufacturing Finishes 2016 on a High

Spain is sill beating records in manufacturing

The Spanish manufacturing sector grew by the fastest rate in nearly a year during December 2016; a growth spurred by surging output and new factory orders. The data from a survey by Markit’s Purchasing Managers’ Index (PMI) shows that the index rose by 0.8 to 55.3 in November. This means that the index has stayed above the 50 line – which is the difference between growth and contraction – each month since November, 2013.

On top of this, new vehicle sales in spain were up 11% in 2016, despite fears that the government terminating the scrappage scheme (PIVE) at the end of autumn would mark the end of the recovery for the new cars market. A total of 1.14 million new cars were sold in 2016; up 10.9% over 2015 and the highest annual number since 2008.

Additionally, the data also shows the three car models that were most popular with the Spanish audience in 2016 were the Citroen C4 (34,615 sold), the Seat Leon (33,653 sold) and the Seat Ibiza (31,836 sold).

Spain continues t punch above its weight in all aspects of growth and anyone moving to Spain can see positive signs in all industries.