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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
SpainSpain Markit Manufacturing PMI climbed to 56.9 in February 2022
FMPMonthlyReleased March 2022
Spain Markit Manufacturing PMI climbed to 56.9 in February 2022, released March 2022, up 0.7 from January's 56.2 reading. The reading matched the 56 consensus. Year-over-year, the indicator is up 4. Over the past 3 months, Markit Manufacturing PMI averaged 56.2, vs 57.62 in the prior 3-month window. The reading is in the 58th percentile of the trailing 24-month range.
Latest Release
56.9
Actual
56
Consensus
56.2
Previous
Median Absolute Error
±0.67
across last 12 releases
Last Call
Mar 2022
Predicted: 55.9
Actual: 56.9
Error: -1
Sigmacast Σ-direction model: consensus + ½ × mean(surprise, trailing 90d).
CORRELATED SYMBOLS— markets that historically move with this indicator
| Symbol | Direction | Correlation | Asset Class | Signal Bias | Action |
|---|---|---|---|---|---|
| EUR/USD | ▲ Direct | +0.40 | FOREX | Bullish EUR | → View |
| EUR/GBP | ▲ Direct | +0.35 | FOREX | Bullish EUR | → View |
| DAX | ▲ Direct | +0.35 | INDEX | Bullish EU | → View |
| EUR/JPY | ▲ Direct | +0.35 | FOREX | Bullish EUR | → View |
| XAU/USD | ▼ Inverse | −0.30 | COMMODITIES | Watch | → View |
Correlation based on 12-month rolling window. Click any symbol to view its Sigmanomics forecast page.
The March 2022 reading rose from the previous value of 56.2. Over the last 12 releases, the Sigmanomics model has produced a median absolute forecast error of ±0.67. Historically, this indicator is positively correlated with EUR/USD (Bullish EUR) and positively correlated with EUR/GBP (Bullish EUR).
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Markit Manufacturing PMI - ES
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