According to survey data released by IHS Markit on Thursday, Spain’s manufacturing activity has continued to improve in the first month of 2018.

The manufacturing Purchasing Managers’ Index showed a fall of 0.6 points from December 2017 to January 2018 but a reading above 50 still indicates expansion in the sector.

Output rose in January as a result of stonger orders and manufacturers increased their number of employees and purchasing activity.

Input price inflation accelerated to a ten-month high, resulting in stronger demand and higher prices for oil, petrol, and other raw materials such as steel. Output prices continued to improve in January.

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