Overview

• The UK's manufacturing PMI fell to 47.0 in December, reflecting an 11-month low, with SMEs hit hardest due to rising costs and weak exports.
• Eurozone manufacturing PMI dropped to 45.1, marking continued contraction, with Germany, France, and Italy struggling while Spain's PMI rose to 53.3, signaling growth.
• China's factory activity slowed to a PMI of 50.5, as export orders declined and concerns grew over potential U.S. tariffs under President-elect Donald Trump.
• India's manufacturing activity remained robust but hit a 12-month low PMI of 56.4, with softer domestic demand offset by stronger export growth.
• Mixed results in Asia showed South Korea's PMI contracting to 49.0, while Taiwan and Southeast Asia reported modest improvements in factory activity.