Spain's manufacturing picks up pace

Source: Irish Times
Spain's factory slowdown pace eased in July, while the sector still declined for the 15th month in a row and jobless rate climbed to the two-year high. Spain's PMI rose to 42.3 in July from 41.1 in June, beating forecasts of 40.5. Spain's manufacturing area is based on aerospace and automotive industries, which are both hit by the Eurozone crisis contracting global demand.

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