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UH-OH: Spanish Manufacturing Just Took A Severe And Unexpected Dive

UH-OH: Spanish Manufacturing Just Took A Severe And Unexpected Dive

This is a little bit worrisome.

Spain's manufacturing PMI report for November just came in quite weak, dropping from 50.9 in October to 48.6.

New Orders fell for the first time in 6 months.

Via Markit, here's the quick snapshot:

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