Global Manufacturing Faces Mixed Trends as U.S. and China Show Resilience

While U.S. and Chinese manufacturing activity shows signs of recovery, Europe and other regions struggle with contractions and economic uncertainty.

U.S. manufacturing activity improved in November, with the ISM PMI rising to 48.4, driven by a rebound in new orders and cooling input prices, though the sector remains in contraction for the eighth consecutive month.
China's manufacturing PMI hit a five-month high of 51.5, fueled by new export orders and government stimulus, but concerns linger over potential U.S. tariffs under President-elect Donald Trump.
European manufacturing continues to contract, with the eurozone PMI falling to 45.2 and Germany and France seeing steep declines in output and new orders, reflecting prolonged economic challenges.
UK manufacturing PMI dropped to a nine-month low of 48.0, as higher taxes, geopolitical tensions, and weak domestic and export demand weigh on the sector.
Other regions show varied performances, with South African and Japanese manufacturing contracting, while Spanish and Turkish sectors report modest growth or signs of recovery.