Overview

• Japan’s services PMI rose to 53.3, its 11th straight month above 50, with domestic demand lifting new orders and employment.
• UAE non-oil PMI climbed to 54.2, a seven-month high, as new orders rebounded sharply and jobs increased at the fastest pace since May.
• Russia’s services PMI slid to 47.0, the steepest downturn since late 2022, with new orders falling, input costs rising, and firms restraining price hikes.
• Euro zone services activity edged up to 51.3 with hiring stalling, while Germany returned to growth at 51.5 even as service-sector employment fell again.
• UK services growth slowed to 50.8 from 54.2 as clients delayed spending before the Autumn Budget, extending a year-long run of job cuts and easing cost pressures.