Overview

• US manufacturing contracts for the third consecutive month, with weak demand and high interest rates cited as key factors.
• Japan's service sector sees first contraction in nearly two years, though business confidence remains relatively strong.
• China's manufacturing shows mixed signals with state-owned firms contracting while private sector reports growth.
• Inflation pressures are easing in the US, but high interest rates continue to impact manufacturing investment.
• Global economic uncertainties and geopolitical tensions are affecting consumer confidence and spending patterns.