Overview
- United Kingdom: the flash composite PMI dropped to 50.5 from 52.2 as firms paused decisions before Rachel Reeves’ Nov 26 Budget, services cooled, manufacturing edged up to 50.2, and a separate CBI survey showed the sharpest three‑month output fall since August 2020 with an output balance of -30.
- Euro zone: the composite PMI held at 52.4 with services at 53.1, while manufacturing slipped back into contraction at 49.7; Germany’s composite eased to 52.1 with factory PMI down to 48.4 and export orders falling at the quickest pace since January.
- United States: the flash manufacturing PMI eased to 51.9 as new orders slowed and finished‑goods inventories hit a record high, even as the composite index rose to 54.8 on resilient services activity at 55.0.
- India: the HSBC/S&P Global flash composite PMI eased to a six‑month low of 59.9, with manufacturing down to 57.4 and services up to 59.5; firms reported softer new orders and the weakest input cost inflation in over five years.
- Japan: the flash manufacturing PMI remained in contraction at 48.8 for a fifth month, services stayed resilient at 53.1, and the composite rose to 52.0 with inflation pressures persisting for businesses.