Overview
- India’s composite PMI rose to 59.3, a three‑month high, driven by stronger manufacturing demand as input and output inflation accelerated.
- Japan’s composite reached 53.8 with export orders at an eight‑year high, record backlogs, and output prices at a 21‑month peak.
- Europe brightened as the eurozone composite hit 51.9 with manufacturing back in growth and Germany’s PMI rose to 53.1 on the first factory expansion since mid‑2022.
- The UK climbed to 53.9, the highest since April 2024, with a post‑pandemic surge in factory export orders even as services reported steep job cuts.
- U.S. momentum cooled to a 10‑month low at 52.3 with employment stalling, while Australia eased to 52.0 as cost and selling‑price inflation strengthened.