Particle.news
Download on the App Store
24 ARTICLES
·
6h ago

September PMIs Underscore Split Global Services Picture as U.S. Stalls and Asia–Gulf Outperform

Tariffs plus higher costs are weighing on services demand worldwide.

Employees work in the open kitchen of a restaurant in the Patriarch's Ponds neighbourhood in central Moscow, Russia July 11, 2025. REUTERS/Maxim Shemetov
A woman works in a restaurant as a man checks his mobile in the Chinatown area of New York City, U.S., January 1, 2025. REUTERS/Marko Djurica
A person enters an Asian restaurant at Scheunenviertel quarter in Berlin, Germany, November 15, 2024. REUTERS/Lisi Niesner
A view of the Canary Wharf skyline, in London, Britain, October 28, 2024. REUTERS/Hollie Adams

Overview

  • U.S. ISM non-manufacturing PMI fell to 50.0 in September from 52.0, with new orders down to 50.4, employment at 47.2 for a fourth month of contraction, and prices paid elevated at 69.4.
  • Euro zone services activity edged up to 51.3 for an eight-month high, though hiring slipped and France stayed in contraction, while Germany’s services PMI rose to 51.5 with employment falling.
  • UK services growth slowed sharply to 50.8 as firms and households delayed big purchases ahead of the Autumn Budget, marking a 12th straight month of job cuts and reinforcing a more dovish BoE debate.
  • Japan’s services PMI rose to 53.3 for an 11th straight month of expansion on domestic demand, and the UAE’s non-oil PMI climbed to 54.2 with the fastest new-order growth since February and stronger hiring.
  • Canada’s services sector contracted further to 46.3 with job losses and a five-year low in backlogs, while Russia’s services PMI dropped to 47.0, the steepest decline since December 2022.