Japan's Manufacturing PMI Contracts More Than Expected; Services Grow at 4-Month High

In August 2024, Japan's manufacturing PMI contracted more than expected, while services grew at a 4-month high. New orders shrank further, and foreign sales fell at a stronger rate.

The composite PMI rose to 53.0, the highest since May 2023. Meanwhile, France's economy expanded in August, driven by a surge in the services sector. However, the manufacturing PMI fell to a 7-month low.

India's economic activity slipped slightly in August, with the manufacturing PMI falling to a 3-month low and the services PMI rising. Germany's composite PMI fell more than expected, with the manufacturing sector in a deepening downturn and the services sector expanding at a slower pace.

The private sector in Germany also contracted. Overall, these PMI figures reflect the varying economic conditions across different countries, with some sectors experiencing growth while others face challenges.