Overview

• India’s services PMI rose to 60.4 in June, its highest in ten months, driven by strong domestic orders and export demand
• Saudi Arabia’s non-oil sector PMI climbed to 57.2, its highest in three months, supported by rapid hiring and robust domestic sales
• The UAE’s non-oil PMI edged up to 53.5 as firms reduced backlogs despite a slowdown in new orders linked to regional tensions
• China’s Caixin services PMI eased to 50.6, its weakest expansion since September 2024, while Russia’s services PMI slipped to 49.2, signalling contraction
• Eurozone services returned to modest growth at 50.5 and Singapore’s manufacturing PMI rebounded to a neutral 50.0