Overview
- Eurozone activity accelerated to 51.9 with manufacturing back in growth at 50.8, led by Germany’s return to factory expansion (manufacturing 50.7, composite 53.1) as France hovered near stagnation at 49.9.
- Japan strengthened to a 53.8 composite and 52.8 in manufacturing, with export orders surging at the fastest pace in eight years and backlogs rising at a record rate.
- India’s composite PMI climbed to 59.3, the strongest in three months, as manufacturing hit 57.5 and firms reported faster hiring alongside the sharpest input-cost rise in 15 months.
- The UK’s composite rose to 53.9 with factory export orders at a post‑Covid high, yet services firms continued cutting jobs, extending a 17‑month run of employment declines.
- U.S. growth eased to a 10‑month low at 52.3 with employment near a standstill, while Australia cooled to 52.0 as cost and selling‑price inflation quickened to the highest since September.