Overview
- Japan’s S&P Global manufacturing PMI rose to 51.5, the strongest since August 2022, as output and new orders accelerated and export demand returned to growth.
- South Korea’s PMI climbed to 51.2, a 17‑month high, with the sharpest increase in new export orders since April 2021 tied to strength in autos and semiconductors.
- China’s private RatingDog/S&P Global PMI edged up to 50.3, contrasting with a weaker official survey, while input costs hit a four‑month high and factory‑gate prices increased.
- The U.S. ISM manufacturing index rebounded to 52.6, ending a year of contraction as new orders jumped to 57.1, though tariffs lifted input costs and strained supplier delivery times.
- Europe remained uneven with the euro zone PMI at 49.5 despite output back above 50, while the UK rose to 51.8 and Canada ticked up to 50.4 as price pressures intensified across several surveys.