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1h ago

Global PMI Data Highlights Economic Divergence Across Major Economies in May

India and the US show strong private sector growth, while Europe, Japan, and the UK face continued contraction in manufacturing and mixed services activity.

Ariens workers install parts on Gravely brand lawn mowers at a company plant in Brillion, Wisconsin, U.S., March 5, 2025. REUTERS/Tim Aeppel/File Photo
Stand-up paddlers are seen on river Main during sun set behind the skyline with the banking district in Frankfurt, Germany, October 18, 2021. REUTERS/Kai Pfaffenbach/File Photo
People enjoy the sunset on a floating restaurant on the River Seine in Paris, France, June 25, 2023. REUTERS/Benoit Tessier/ File Photo
Staff members assemble door panels on the production line at Jaguar Land Rover's Halewood factory in Liverpool, Britain, December 6, 2022. REUTERS/Phil Noble/File Photo

Overview

  • India recorded its fastest private sector growth in over a year, with the Composite PMI surging to 61.2, driven by robust services activity.
  • The US private sector expanded solidly in May, with the Composite PMI rising to 52.1, supported by easing trade tensions and improved business sentiment.
  • The euro zone's Composite PMI unexpectedly fell to 49.5, signaling contraction for the first time in 2025, as demand in the services sector weakened further.
  • Japan's manufacturing sector contracted for the 11th consecutive month, with a PMI of 49.0, reflecting ongoing trade pressures and muted business confidence.
  • The UK economy showed signs of easing its downturn, with a Composite PMI of 49.4, as services returned to growth but manufacturing faced steep job cuts and weak demand.