Overview
- UK services PMI rose to 52.3 with the composite at 52.2, and business expectations reached their highest since October 2024 as growth broadened.
- UK survey data showed input‑cost inflation at its weakest since November 2024 and the slowest rise in prices charged since June, while job shedding eased.
- Canada’s services PMI edged back into expansion at 50.5 for the first time since last November, though new business and employment remained below 50 and confidence was sub‑par.
- The ISM U.S. services PMI increased to 52.4, with new orders up to 56.2, while the employment index stayed in contraction at 48.2 and prices paid were elevated at 70.0.
- Companies across reports highlighted policy headwinds including tariffs, weak export demand and a prolonged U.S. data blackout from the shutdown, which leave near‑term momentum fragile.