Overview
- India's services PMI climbed to a ten-month high of 60.4 in June on strong new domestic and export orders.
- Saudi Arabia's non-oil sector PMI rose to a three-month high of 57.2 while UAE activity expanded at 53.5 with order growth slowing to its weakest pace in nearly four years.
- The US ISM nonmanufacturing PMI edged back into growth at 50.8 even as its employment index fell to 47.2, marking further job losses.
- Euro zone services recorded marginal growth with a PMI of 50.5 with new business declining for a 13th straight month.
- China's Caixin services PMI slowed to 50.6 in June, representing the weakest expansion since September 2024.