Overview
- Japan’s factory PMI rose to 51.5, the strongest since August 2022, and South Korea’s climbed to 51.2, as export demand—helped by autos and AI-linked chips—drove output and new orders higher.
- China’s private manufacturing PMI edged up to 50.3 with export orders rebounding, contrasting with the official survey showing deterioration, while firms reported higher input costs and the first rise in factory-gate prices since November 2024.
- U.S. manufacturing returned to growth with ISM at 52.6 and new orders surging to 57.1, even as tariffs contributed to pricier inputs, slower supplier deliveries and persistent price pressures.
- Euro zone manufacturing stayed in contraction at 49.5, though output nudged above 50; new orders continued to fall and input costs accelerated, with Germany at 49.1 and Italy at 48.1 still below the threshold.
- Canada’s PMI ticked back into expansion at 50.4 for the first time in a year and the UK reached 51.8 with export orders growing for the first time in four years, even as cost pressures crept higher in both.