Overview

• India’s flash composite PMI eased to 61.9 from 63.2, with both manufacturing (58.5) and services (61.6) cooling as hiring slowed and export orders rose at the softest pace in six months.
• Indian manufacturers raised selling prices at the sharpest rate in nearly 13 years, while business sentiment hit a seven‑month high on expectations of demand support from GST cuts and concern over higher U.S. tariffs.
• The euro zone’s composite PMI reached 51.2, a 16‑month high, as services improved to 51.4 and manufacturing slipped back into contraction at 49.5.
• Germany’s composite rose to 52.4, its fastest in 16 months, driven by services at 52.5, though manufacturing fell to 48.5 and new work declined across sectors.
• France’s composite fell to 48.4, the steepest drop since April, with manufacturing and services both contracting as new orders extended a 16‑month slide; euro zone new business stalled at 50.0 and overall employment was flat as price pressures eased.