Publications

The IMM BBVA Research grew 2.9% YoY in April, remaining in positive territory for the eighth consecutive month; considering the April figure, the IMM BBVA Research’s average year-to-date growth rate stands at 2.5%.

The BBVA Research Manufacturing Multidimensional Indicator grew 2.2% YoY in March, remaining in positive territory for the seventh consecutive month, although deepening the slowdown observed since the beginning of the year.

The BBVA Research Multidimensional Manufacturing Indicator (MMI BBVA Research) grew 5.0% YoY in January, the highest figure since October 2022, pointing to a recovery in the sector this year.

The BBVA Research Manufacturing Multidimensional Indicator (BBVA Research MMI) grew 4.0% YoY in December, maintaining the pace observed in the previous month; in 2025 it records an average year-over-year variation of -0.2%, 2.3 pp above that observed in 2024.

The BBVA Research Multidimensional Manufacturing Indicator grew 1.2% YoY in July, 0.9 pp above the figure registered the previous month (0.3% YoY); considering the July data, the year-over-year variation of the BBVA Research MMI reaches an average of (-)0.2% in the first seven months of the year (vs -1.5% in 2024).

The BBVA Research Multidimensional Manufacturing Indicator (IMM BBVA Research) grew 0.3% YoY in June, 1.7 percentage points below the previous month's figure (2.0% YoY)

The BBVA Research Multidimensional Manufacturing Indicator recorded a (-)0.4% YoY change in March, unchanged from the figure observed in February.