• Australia - 8/20/2025
• Japan - 8/21/2025
• India - 8/21/2025
• France - 8/21/2025
• Germany - 8/21/2025
• Eurozone - 8/21/2025
• UK - 8/21/2025
• US - 8/21/2025

Key Results

Australia

Australia’s Flash Composite PMI rose to 54.9 in August (Jul: 53.8), the highest since April 2022, signaling the fastest private sector output growth in over three years.

• Services Business Activity Index increased to 55.1 (Jul: 54.1), marking the strongest pace in 40 months.

• Manufacturing PMI rose to 52.9 (Jul: 51.3), with the Output Index at 53.9, both showing the fastest expansion since 2022.

• New orders expanded solidly, with manufacturing new orders growing at the quickest pace in nearly three years and exports posting their strongest rise in six months.

• Employment gains were concentrated in services, where hiring reached the fastest rate since Apr 2023, while manufacturers shed staff slightly despite stronger demand.

• Input and output price inflation eased from July highs, leaving output prices only slightly above the long-run average.

India

India’s Flash Composite PMI surged to 65.2 in August (Jul: 61.1), the highest on record since the series began in 2005, signaling unprecedented private sector expansion.

• Services Business Activity Index rose to 65.6 (Jul: 60.5), marking a fresh survey high driven by strong new business orders.

• Manufacturing PMI increased to 59.8 (Jul: 59.1), its highest since Jan 2008, supported by a sharp rise in domestic demand.

• Manufacturing Output Index rose to 64.2 (Jul: 62.5), while overall new export orders grew at the fastest pace since composite data began in 2014.

• Employment growth accelerated, led by services, with jobs growth above the long-run average for a 38th straight month.

• Output charge inflation hit a 12.5-year high as firms passed higher wage and input costs onto customers amid robust demand.

Eurozone

The Eurozone Composite PMI Output Index rose to 51.1 in August (Jul: 50.9), a 15-month high, signaling the strongest private sector expansion since May 2024.

• Services PMI edged down to 50.7 (Jul: 51.0), showing only slight growth and a 2-month low in business activity.

• Manufacturing PMI rose to 50.5 (Jul: 49.8), its highest in 38 months, while the Manufacturing Output Index climbed to 52.3 (Jul: 50.6), a 41-month high.

• New orders increased for the first time since Apr 2022 in manufacturing and ended a 14-month decline overall, though export orders fell at the sharpest pace in five months.

• Employment rose for the sixth straight month, led by services, while manufacturing jobs continued to decline; overall job creation was the strongest since Jun 2024.

• Input costs and output prices accelerated, with services seeing the sharpest rise in input costs since Mar, leading to the fastest overall output price inflation in four months.

• Business confidence weakened for a second month, dropping to a four-month low, with French firms turning pessimistic on output for the first time in nine months.

US

US business activity expanded at the fastest pace of 2025 so far, with the S&P Global Flash Composite PMI rising to 55.4 in August (Jul: 55.1), while average selling prices saw their sharpest increase in three years.

• The Manufacturing PMI jumped to 53.3 (Jul: 49.8), the highest since May 2022, as production growth accelerated and new orders rose at the strongest pace since Feb 2024.

• Services activity remained robust at 55.1 (Jul: 55.3), supported by the steepest sales growth since Dec 2024 and a modest recovery in export demand.

• Employment rose for the sixth month, with job creation reaching one of the strongest rates in three years; service hiring hit a seven-month high, while factory payrolls posted the largest gain since Mar 2022.

• Backlogs of work increased at the fastest pace since May 2022, reflecting strong demand and capacity pressures, while inventories of finished goods rose at a survey-record rate.

• Input costs surged, driven by tariffs, with manufacturing seeing the second-largest rise since Aug 2022; firms passed these costs through, pushing services price inflation to the highest since Aug 2022.