Spain’s manufacturing sector extended its expansion in October, with the HCOB Spain Manufacturing PMI edging up to 52.2, from 51.0 in September 2026. The latest reading, published on 2 November 2026, signals a strengthening growth trend in factory activity as the index moves further above the 50-point threshold that separates expansion from contraction.
The October gain suggests that Spanish manufacturers are seeing improving business conditions compared with the previous month, building on the modest expansion recorded in September. While the data set does not detail underlying drivers, the continued rise in the PMI points to firmer momentum in production and orders within Spain’s industrial base.
With two consecutive months of readings above 50 and an upward month‑on‑month move, the October 2026 release will likely be viewed as an encouraging signal for Spain’s broader economic outlook, highlighting manufacturing as a supportive pillar of growth heading into the final quarter of the year.