Coronavirus sends Spain's manufacturing PMI to near seven-year low
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MADRID (Reuters) - Spain's manufacturing sector shrank at its steepest pace in almost seven years last month, hit by the coronavirus pandemic and restrictive measures imposed at home and abroad to stem its spread, a survey showed on Wednesday. IHS Markit's Purchasing Managers' Index (PMI) of manufacturing companies sank to 45.7 in March from 50.4 a month earlier. The February reading had been the first above the 50 line separating growth from contraction since May. As output recorded its..