Overview

• The U.S. services PMI rose to 51.6 in April, signaling renewed expansion driven by stronger new orders and employment, despite rising input costs due to tariffs.
• India's services sector recorded robust growth with a PMI of 58.7, supported by surging new business and export orders, marking the strongest expansion in months.
• Canada's services sector remained in deep contraction for a fifth consecutive month, with a PMI of 41.5, as trade uncertainty and election-related concerns weighed heavily on activity.
• The UK services PMI fell to 49.0, entering contraction for the first time in 18 months, with firms citing U.S. tariff impacts and domestic cost pressures as key challenges.
• China's services growth slowed to a seven-month low, with a PMI of 50.7, as U.S. trade actions disrupted sentiment and new business orders stagnated.