Overview
- Asia’s tech-heavy exporters regained traction as PMIs showed South Korea back to 50.1 and Taiwan at 50.9, with surveys citing firmer export orders and new product launches.
- South Korea’s survey pointed to the strongest new orders since November 2024, a jump in optimism to the highest since May 2022, and the sharpest input price rise since July 2022 that lifted output prices.
- India’s HSBC Manufacturing PMI fell to 55.0, a 38‑month low, with new orders at a two‑year trough, exports at a 14‑month low, hiring near stall speed, and subdued price pressures.
- Eurozone manufacturing weakened further with the final HCOB PMI at 48.8, a nine‑month low, as new orders fell faster, firms cut staff, and input costs ticked up to a 16‑month high.
- Germany’s final PMI dropped to 47.0 with output back in contraction, export sales falling for a fifth month and input prices rising again, while Spain slipped to 49.6 with the steepest job reductions in two years.