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Global PMI data shows mixed economic momentum in September
Global economic data for September shows a mixed landscape of expansion and slowing momentum across major regions.
In the Eurozone, business activity accelerated to its highest level in nearly three and a half years, with the composite PMI rising to 53.1. This growth was widespread, with services and manufacturing both expanding in key economies like Germany, France, Italy, Spain, and Ireland. However, this expansion is accompanied by rising inflationary pressures in both input and output costs.
In the United States, the services sector continued to expand but at a slower pace, with the ISM Services PMI falling to 54.9 from 55.4 in August. Despite the slowdown, input price inflation reached its highest level since July 2022, driven by supply chain pressures and energy costs.
Australia reported a slowdown in private-sector growth, with the composite PMI easing to 51.3 and the services PMI falling to 51.9. While the services sector remains in expansion territory, manufacturing activity deteriorated, with the manufacturing PMI dropping to 49.6.
Japan experienced a slowdown in its services sector, with the PMI easing to 51.3 from 52.5 in August, while the composite PMI fell to 52.3.
Global manufacturing activity showed strength, with the J.P. Morgan Global Manufacturing PMI rising to 53.0, marking its highest level since early 2022, supported by increased demand for AI infrastructure and defense equipment.
Entities
Australia · Bank of Japan · Central Bank of Nigeria · European Central Bank · Eurozone · Federal Reserve · Institute for Supply Management · J.P. Morgan · Japan · Nigeria · S&P Global
Claims
What the coverage asserts, and how many sources carry each claim.
- [○ 1 SOURCE] Australian manufacturing output contraction was the strongest since December 2024.
- [● 3 SOURCES] Japan's Composite PMI fell to 52.3 in September from 53.5 in August. china.timesofnews.com · asiainfonews.com · www.finanzen.at
- [○ 1 SOURCE] Australia's manufacturing PMI fell to 49.6 in September, down from 52.0 in August.
- [○ 1 SOURCE] Nigeria's composite PMI rose to 53.0 points in September. www.arise.tv
- [● 3 SOURCES] Japan's final Services PMI eased to 51.3 in September from 52.5 in August. china.timesofnews.com · asiainfonews.com · www.finanzen.at
- [● 3 SOURCES] Australia's PMI Composite eased from 52.7 to 51.3 in September. www.youngwitness.com.au · www.eeo.com.cn
- [○ 1 SOURCE] Nigeria's industrial sector PMI climbed to 52.0 points in September. www.arise.tv
- [● 2 SOURCES] Australia's PMI Services fell from 53.2 to 51.9 in September. www.eeo.com.cn
- [● 5 SOURCES] Eurozone Services PMI rose to 53.0 in September from 51.6 in August. www.ekoturk.com · forexclub.pl · www.negocios.com · cronicaeconomica.com
- [○ 1 SOURCE] France's services PMI rose to 51.2 in September. valor.globo.com
- [● 6 SOURCES] The ISM services sector PMI fell to 54.9 in September from 55.4 in August. www.turkgun.com · investinglive.com · almanartv.com.lb · www.it-boltwise.de · lajornadasanluis.com.mx · +1 more
- [● 4 SOURCES] The final composite PMI for the Eurozone rose to 53.1 in September. forexclub.pl · www.negocios.com · cronicaeconomica.com