Global Business Activity Shows Mixed Trends in October

While the U.S. and India report growth, the UK and Japan face slowdowns amid economic uncertainties.

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.