Spain’s manufacturing sector moved back into expansion territory in September, with the HCOB Spain Manufacturing PMI rising to 51.0 from 49.5 in August 2026, according to data updated on 1 October 2026.
The increase, which lifts the index above the neutral 50.0 threshold, signals a shift from contraction to growth in manufacturing activity. The improvement in September follows August’s sub-50 reading, suggesting that conditions in Spain’s factory sector have strengthened at the close of the third quarter of 2026.
The move into positive territory will be closely watched by investors and policymakers, as a sustained PMI reading above 50.0 is typically associated with expanding output, improving demand, and potentially firmer momentum for the broader Spanish economy.