Overview
- U.S. ISM manufacturing PMI rose to 52.6, the first expansion in a year, as new orders jumped and input prices stayed elevated with tariff-related strains.
- Japan’s S&P Global PMI climbed to 51.5, a near three-and-a-half-year high, with export orders returning to growth and hiring at the strongest pace since 2022.
- China’s private RatingDog/S&P PMI edged up to 50.3 with export demand improving and prices rising, contrasting with an official PMI showing renewed contraction.
- India’s HSBC PMI ticked up to 55.4 on domestic demand with modest hiring, while business confidence fell to a three-and-a-half-year low and pricing power stayed weak.
- Europe and Canada showed early healing: the euro zone headline stayed below 50 despite output returning to growth, Germany improved to 49.1, the UK rose to 51.8 with exports growing for the first time in four years, and Canada reached 50.4 for its first expansion in a year.