Overview

• U.S. manufacturing remained steady but in contraction, with new orders improving and input prices falling to a nine-month low.
• China's manufacturing PMI rose to 49.8, indicating a slower contraction, amid significant policy support to boost domestic demand.
• Euro zone manufacturing activity declined at its fastest pace this year, with Germany experiencing the sharpest downturn in output and new orders.
• Canada's manufacturing sector showed growth for the first time in 17 months, driven by improved market demand and lower borrowing costs.
• Japan's factory activity contracted for the third consecutive month, reflecting weak domestic and overseas demand.