Overview
- Flash PMI readings released on June 23 show Japan’s manufacturing PMI strengthened to 54.9 and new orders rose at the fastest pace in more than four years, driven in part by stock building over Middle East supply fears.
- India’s private sector remains robust but cooled to a three‑month low with HSBC’s composite PMI at 57.4 and slower new orders and weaker business confidence reducing momentum.
- The euro zone’s flash composite PMI rose to 49.5, marking a third straight month below the 50 no‑change mark and signalling a modest easing of contraction rather than clear expansion.
- Germany’s composite PMI plunged to 48.0, its fastest pace of private sector decline in 18 months, as services weakness and falling new business increased the risk of quarterly economic contraction.
- Surveys show war-related fuel and shipping costs prompted precautionary stock‑building across regions but input price pressures have eased after lower oil prices, creating a fragile window for policy makers to balance disinflation and growth risks.