[REVISION HISTORY]

Global manufacturing and services PMI trends

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2026-10-25 02:42 UTC → 2026-10-27 17:35 UTC · added ~~removed~~

~~Mixed global PMI trends in~~ Global manufacturing and services PMI trends

Global economic indicators show varied performance across sectors. In the United States, the services sector showed strength in August, with the ISM non-manufacturing PMI rising to 55.4 and the S&P Global Services PMI reaching 56.8. By late September, momentum surged as the US composite PMI hit 58.4, the fastest pace since July 2021. US manufacturing has ~~since~~ recently reached a 53-month high, with the S&P Global flash manufacturing PMI rising to 56.0 in October 2026. This expansion is supported by significant job growth, with factory hiring reaching its ~~highest level~~ fastest pace since ~~May 2022, driven~~ March 2012. However, this growth is accompanied by ~~domestic demand~~ rising input costs; the Institute for Supply Management reported the Prices Index jumped to 77.9, with raw material prices increasing for 24 consecutive months across the six largest manufacturing industries. This trend may create ‘Order Cash Exposure,’ where manufacturers must finance materials and ~~increased investment~~ labor before receiving customer payments. Strategic shifts are also evident in ~~AI-related equipment and machinery, even~~ supply chains, as ~~export orders have declined~~ nearshoring to Mexico provides advantages for ~~fifteen consecutive months.~~ US manufacturers. By utilizing hubs like Monterrey and Guadalajara, companies are achieving shorter supply chains—with goods reaching the US in 3–5 days—while reducing geopolitical risk under the USMCA. Regional trends remain diverse. The Eurozone’s composite PMI rose to 53.1 in September, its highest in 41 months, driven by synchronized expansion in manufacturing and services across major economies such as Germany, Spain, and Ireland. Eurozone manufacturing PMI rose to 52.9, with production and new orders increasing at their fastest rate in 4.5 years. However, inflationary pressures are rising, with preliminary September CPI figures reaching 3.8%. In September, the US ISM services sector PMI slowed to 54.9 from 55.4 in August, as rising energy costs and supply chain stresses increased input price pressures. US manufacturing PMI reached 55.9, marking fourteen consecutive months of expansion. months. China’s manufacturing sector also showed growth, with the PMI rising to 52.1 in ~~September, marking ten straight months of expansion.~~ September. In the automotive sector, ~~shifts are evident:~~ BMW is restructuring to focus on AI, BYD reported a 17% year-over-year sales increase, while General Motors reported a 5.5% year-over-year decline in third-quarter US ~~sales amid high gasoline prices.~~ sales.

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