Overview

• U.S. business activity increased in October with easing price pressures, as the Composite PMI Output Index rose to 54.3, indicating economic expansion.
• India's business activity saw a slight uptick, with the Composite PMI reaching 58.6, driven by strong demand in the manufacturing sector and significant job creation.
• In the UK, private sector growth hit an 11-month low due to budget uncertainty, with the Composite PMI falling to 51.7 and employment contracting for the first time in 2024.
• Germany's business sentiment improved, with the Ifo business climate index rising to 86.5, although the economy remains challenged by high energy costs and weak global demand.
• Japan's factory activity contracted for the fourth consecutive month, with the Composite PMI slipping to 49.4, reflecting subdued domestic and international demand.