Overview
- China’s services PMI eased to 52.0, the weakest since June, as export services slipped into contraction on fewer tourists, firms cut staff for a fifth month, and input costs rose even as selling prices fell.
- India’s services PMI fell to 58.0, an 11‑month low, with hiring stalling and business confidence at a three‑year low, though export orders accelerated and price pressures stayed relatively mild.
- Japan’s final services PMI slowed to 51.6, the softest since May, with export demand returning to growth and hiring rising at the fastest pace since mid‑2023, while input and output prices climbed.
- Euro area services growth cooled to 52.4 with input cost inflation at a nine‑month high, Germany’s sector stayed in expansion at 52.7 as expectations weakened, and the UK’s 51.4 reading showed firmer cost pressures and another jobs decline.
- The U.S. final services PMI printed 52.5, an eight‑month low for activity with new business at a 20‑month low, flat employment, faster input cost inflation linked to tariffs, and quicker price rises.