Overview
- U.S. ISM manufacturing PMI rose to 52.6, the first expansion in a year, with new orders at 57.1 as tariffs lifted input costs and strained supply chains.
- Japan’s PMI climbed to 51.5, a near three-and-a-half-year high, as export orders grew for the first time since February 2022 and firms reported stronger hiring alongside higher input costs.
- South Korea’s PMI increased to 51.2, the best since August 2024, driven by the biggest rise in new export orders since April 2021 and supported by demand in autos and semiconductors.
- China’s private manufacturing PMI edged up to 50.3 with export orders returning to growth and metals-driven cost pressures lifting factory-gate prices, contrasting with an official PMI that signaled contraction.
- Europe showed a mixed picture as the euro zone stayed in mild contraction at 49.5 despite output at 50.5, the UK improved to 51.8, and Canada returned to slight expansion at 50.4 with surveys flagging energy, metals and tariff-driven cost pressures.