Overview

• Japan's manufacturing PMI fell to 48.3 in March, marking its ninth consecutive month of contraction and the steepest decline in a year, with services also slipping into contraction.
• The Eurozone's composite PMI rose to 50.4, its highest in seven months, driven by easing manufacturing declines, though services growth slowed slightly.
• Germany's private sector saw its sharpest growth in ten months, with manufacturing production expanding for the first time in nearly two years, supported by infrastructure spending plans.
• The UK private sector reached a six-month high in activity, led by strong services growth, while manufacturing hit an 18-month low amid global trade uncertainty.
• U.S. manufacturing slid back into contraction territory, with tariffs and weak demand weighing on sentiment, even as overall business activity rose due to services sector gains.