Overview

• The U.S. services PMI rose to 51.6 in April, signaling renewed expansion, with gains in new orders and employment despite elevated input costs reaching a two-year high.
• India's services sector continued strong growth, nearing a PMI of 59, reinforcing its position as a standout performer in global services activity.
• Canada's services PMI recorded its fifth consecutive month of contraction at 41.5, driven by trade policy and election-related uncertainty.
• Ireland's services PMI slowed to 52.8, its lowest in over a year, as trade tensions dampened business sentiment and new business growth.
• China's Caixin services PMI fell to a seven-month low of 50.7, with U.S. tariffs cited as a major factor impacting new business and sentiment.