Spain September manufacturing PMI 51.0 vs 50.1 expectedPrior 49.5Spain's manufacturing economy returned to growth territory in September, although the sector’s underlying performanceremained subdued.The details show that production increased but overall new work continued to decline amidongoing uncertainty and rising prices, especially for energy. Of note, new order inflows fell for a fifth successive month, although the pace of contraction was only marginal. Firms cited ongoing uncertainty and the negative impact on demandof rising prices, which were reported by manufacturers tobe again increasing steeply.Meanwhile, both input and output prices increased at accelerated andabove trend rates in September. So, that just adds to concerns on inflation and price pressures to the ECB debate.Input cost inflation was the strongest in four months, and companies saw little choice but to raise their own charges in response. That in turn saw output price inflation also picking up to a three-month highalbeit restricted in part by competitive pressures.Besides that, supply-side challenges remained apparent in Septemberand was another source of inflationary pressures to the economy. Averagelead times for the delivery of inputs continued to lengthenat a historically steep pace, linked by firms to delays onkey maritime shipping routes and a general lack of stockat vendors.On its own, the data here represents only one part of the euro area economy. So, the implications toward the ECB outlook are rather limited in isolation. The bigger question is whether the major country and Eurozone PMIs tell the same story about whether the economy is improving and more importantly, whether price pressures starting to become more uncomfortable again. This article was written by Justin Low at investinglive.com.