# Mixed global PMI trends in manufacturing and services

> Live situation record from CLSTR: https://clstr.news/situations/manufacturing-pmi-declines-in-poland-and-china
> Updated: 2026-09-03T08:05:41.000Z. Sources: 200. Developments: 16.

Global manufacturing and services trends remain varied. In August, the J.P. Morgan Global Manufacturing PMI rose to a three-month high of 52.3, marking 13 consecutive months of expansion. While new export orders rose at their fastest pace in six months, trade volumes declined in the US, Canada, and Mexico. In the United States, manufacturing momentum has fluctuated. The ISM Manufacturing PMI declined to 54.6 from a July high of 55.6, attributed to a decrease in the front-loading of orders. Conversely, US services remain strong; the S&P Global composite PMI reached a 52-month high of 56 points, and the ISM Services PMI rose to 55.4, marking 26 consecutive months of expansion despite concerns over high input costs. Recent data confirms this expansion, with the S&P Global Services PMI reaching 56.8. In August, the ISM non-manufacturing PMI rose to 55.4, supported by robust demand, though employment remained weak and price pressures persisted. Regional data shows significant divergence. The Eurozone composite PMI remained in expansion territory at 52.0, supported by a services PMI of 51.6, though rising company costs and selling prices have reached three-month highs. In contrast, France experienced an acceleration in private sector contraction, with its composite PMI falling to 48.5. Other regional highlights include India’s HSBC Services PMI rising to 54.1, supported by job creation reaching a 15-month high, and Japan’s S&P Global services PMI rising to 52.5. China’s private sector services PMI rose to 51.4, supported by domestic demand. Mozambique reported a multi-year high in business activity with a PMI of 51.9, driven by output, new orders, and employment in construction. Recent reports indicate further complexities.

## Claims

- The Politburo pledged to attach great importance to economic difficulties and consider new stimulus measures. (disputed by 15 sources)
- New Orders Index for July 2026 was 56.7, up from 56.0 in June. (disputed by 12 sources)
- China’s new‑orders sub‑index fell to 48.5 in July 2026, the weakest level in more than three years. (disputed by 8 sources)
- Chinese leaders pledged to accelerate fiscal spending on already‑budgeted infrastructure projects for the rest of 2026, without launching new stimulus measures. (disputed by 6 sources)
- China's official manufacturing PMI rose to 49.8 in August from 49.2 in July. (corroborated by 28 sources)
- Manufacturing production expanded to 50.4 in August. (corroborated by 25 sources)
- New manufacturing orders rose to 50.6 in August. (corroborated by 25 sources)
- Official manufacturing PMI fell to 49.2 in July, down from 50.3 in June. (corroborated by 19 sources)
- Non‑manufacturing PMI fell to 49.0 in July. (corroborated by 16 sources)
- China's composite PMI fell to 49.3 in July. (corroborated by 16 sources)

## Timeline

### 2026-09-03: Eurozone activity remains stable as France faces private sector contraction

Eurozone economic activity remained stable in August with a composite PMI of 52.0, while France saw an accelerated contraction in its private sector, driven largely by a decline in services.

2 sources. https://clstr.news/cluster/eurozone-activity-remains-stable-as-france-faces-private-sector-contraction

### 2026-09-02: Global economic reports show mixed growth across services and industrial sectors

Global economic reports show rising services activity in the US, China, and India, while Mozambique hits a four-year business high. Conversely, Nigeria faces an industrial crisis despite overall GDP growth.

54 sources. https://clstr.news/cluster/india-and-japan-services-sectors-show-expansion-in-august

### 2026-09-02: Eurozone manufacturing shows signs of recovery led by Germany

Eurozone manufacturing shows signs of recovery with PMI indices in expansion, led by growth in Germany, Italy, and Spain, while France reports a decline in overall economic activity.

2 sources. https://clstr.news/cluster/eurozone-manufacturing-shows-signs-of-recovery-led-by-germany

### 2026-09-02: US manufacturing shows mixed momentum in recent factory order and PMI data

US manufacturing shows mixed signals as July saw a strong rebound in factory orders, while August data indicates a slowdown in industrial production and a decline in new orders.

7 sources. https://clstr.news/cluster/us-manufacturing-shows-mixed-momentum-in-recent-factory-order-and-pmi-data

### 2026-09-01: India manufacturing growth slows to five-year low in August

India's manufacturing PMI fell to a five-year low of 52.8 in August amid weak demand, even as GST collections and UPI transactions show strong growth.

2 sources. https://clstr.news/cluster/india-manufacturing-growth-slows-to-five-year-low-in-august

### 2026-08-31: Global manufacturing growth accelerates in August

Global manufacturing growth accelerated in August with the J.P. Morgan PMI hitting a three-month high, while the Kansas City Fed reported increased activity in its Tenth District.

3 sources. https://clstr.news/cluster/global-manufacturing-growth-accelerates-in-august

### 2026-08-31: China manufacturing PMI rises to 49.8 in August

China's manufacturing PMI rose to 49.8 in August, exceeding expectations despite remaining in contraction territory. Production and new orders improved, though services and construction remain weak.

49 sources. https://clstr.news/cluster/china-manufacturing-pmi-rises-to-498-in-august

### 2026-08-21: United Kingdom economy shows August acceleration led by services

The UK economy accelerated in August, led by a strong services sector with a PMI of 52.8, though manufacturing slowdowns and cautious hiring trends signal a fragile recovery.

4 sources. https://clstr.news/cluster/united-kingdom-economy-shows-august-acceleration-led-by-services

### 2026-08-21: Eurozone economic activity rises as manufacturing sector leads growth

The Eurozone's composite PMI rose to 52.1 in August, driven by a strong manufacturing rebound fueled by demand for AI and defense technology, despite mixed results in France and Germany.

5 sources. https://clstr.news/cluster/eurozone-economic-activity-rises-as-manufacturing-sector-leads-growth

### 2026-08-17: US manufacturing activity reaches four-year high driven by AI

US manufacturing activity hit a four-year high in July, driven largely by the rapid expansion of AI data centers and increased demand for power generation equipment.

5 sources. https://clstr.news/cluster/us-manufacturing-activity-reaches-four-year-high-driven-by-ai

### 2026-08-14: US manufacturing activity hits four-year high in July

The US ISM Manufacturing Index reached a four-year high in July 2026, signaling seven months of expansion, though debates continue over actual capacity and employment growth.

2 sources. https://clstr.news/cluster/us-manufacturing-activity-hits-four-year-high-in-july

### 2026-08-05: Eurozone Services PMI Expands, Middle East Non‑Oil Activity Shows Uneven Recovery

Eurozone services PMI returns to expansion at 51.7 in July, while the Middle East non‑oil PMI climbs to 55.4, showing uneven recovery across the regions.

4 sources. https://clstr.news/cluster/eurozone-services-pmi-expands-middle-east-nonoil-activity-shows-uneven-recovery

### 2026-08-03: Eurozone, UK and US Services PMI Rise in July 2026

July 2026 PMI data show Eurozone, UK and US services expanding, India steady, Ireland strong, while China’s services slip to a two‑year low.

44 sources. https://clstr.news/cluster/ifo-institute-reports-modest-rise-in-german-retail-business-climate

### 2026-08-01: July 2026 Global Manufacturing PMI Shows Mixed Trends

July 2026 manufacturing PMI readings show mixed results: China slows, Russia hits 18‑month high, India near five‑year low, Poland rebounds, UK slows, Australia stabilises, and Nigeria modestly expands.

49 sources. https://clstr.news/cluster/chinas-july-manufacturing-pmi-falls-to-fourmonth-low

### 2026-07-30: China's July factory activity contracts as PMI falls to 49.2

China's July PMI fell to 49.2, with new orders at 48.5 and export orders at 49.6; non‑manufacturing slipped to 49.0. The Politburo pledged heightened policy support amid weak demand and typhoon disruptions.

25 sources. https://clstr.news/cluster/chinas-july-factory-activity-contracts-as-demand-weakens

### 2026-07-01: Polish industrial PMI plunges to 46.1 in June, sparking market concerns

Polish industrial PMI dropped to 46.1 in June, the lowest in 11 months, while production data still show growth; the slump pressured EUR/PLN and coincided with the end of a fuel‑tax cut programme.

3 sources. https://clstr.news/cluster/polish-pmi-drops-to-461-as-us-job-growth-falls-short-of-forecasts

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Cite as: Mixed global PMI trends in manufacturing and services. CLSTR, https://clstr.news/situations/manufacturing-pmi-declines-in-poland-and-china
