Global - 5/1/2025

Asia Pacific

• Australia - 4/30/2025
• Malaysia - 5/2/2025
• ASEAN - 5/5/2025
• Myanmar - 5/2/2025
• Philippines - 5/2/2025
• Thailand - 5/2/2025
• Vietnam - 5/5/2025
• Indonesia - 5/2/2025
• Japan - 5/1/2025
• Taiwan - 5/2/2025
• China - 4/30/2025
• India - 5/2/2025
• Russia - 5/5/2025
• Kazakhstan - 5/2/2025
• South Korea - 5/2/2025
• Pakistan - 5/2/2025

Europe

• Austria - 4/28/2025
• Ireland - 5/1/2025
• Netherlands - 5/2/2025
• Romania - 5/2/2025
• Turkiye - 5/2/2025
• Poland - 5/2/2025
• Spain - 5/2/2025
• Czechia - 5/2/2025
• Italy - 5/2/2025
• France - 5/2/2025
• Germany - 5/2/2025
• Eurozone - 5/2/2025
• Greece - 5/2/2025
• UK - 5/1/2025

North & South America

• Brazil - 5/2/2025
• Canada - 5/1/2025
• US - 5/1/2025
• Colombia - 5/2/2025
• Mexico - 5/2/2025

Key Results

Ireland

Ireland's S&P Manufacturing PMI jumped 1.4 pts to 53 as manufacturing output increased at the strongest pace in almost three years.

China

China’s Manufacturing PMI fell -0.8 pts to 50.4, the lowest since January.

• New export orders declined for the first time in three months as a result of higher US tariffs causing overall order growth to be the weakest in 7 months.
• Business confidence slipped to the third-lowest since this series began in April 2012 due to trade uncertainty.

South Korea

South Korea’s S&P Manufacturing PMI fell -1.6 pts to 47.5 in April, the lowest since September 2022.

• Sharpest falls in output and new orders since mid-2023.
• Employment decreases at sharpest rate since September 2020.
• Business sentiment among weakest in series history.

India

India’s manufacturing sector remained strong in April with a PMI reading of 58.2. Notably, foreign demand increased at the strongest rate in over 14 years. This intensified selling price inflation to the highest since October 2013.

ASEAN

The S&P ASEAN Manufacturing PMI fell -2.1 pts to 48.7 in April, the first deterioration in the manufacturing sector in 16 months and the lowest reading since August 2021.

• The declines in new orders and production were the worst in 44 months.
• Business confidence was the lowest since July 2020.

Euro Area

The Eurozone Manufacturing PMI increased 0.4 pts to 49.0 in April, a 32-month high, with the output index up 1.0 pt to 51.5, a 37-month high.

• Demand growth was close to flat on the month as the New Orders Index increased to a three-year high just below the 50.0 threshold.
• The drop in new orders from non-domestic customers was its shallowest since April 2022.
• The PMI was supported by weaker declines in France and Germany where their indexes were at 27-month and 32-month highs, respectively, but both still below 50.0.

Canada

Canada’s S&P Manufacturing PMI dropped -1.0 pt to 46.3 in April, the lowest since May 2020.

• Production and new orders both contracted at the sharpest rates since May 2020 as tariffs and uncertainty impacted activity.
• Manufacturers reported the steeped decline in backlogs of existing orders since May 2020.
• Supply-side delays were also apparent during April, despite firms recording the steepest reduction in purchasing activity since May 2020.

Mexico

Mexico’s S&P Manufacturing PMI fell -1.7 pts to 44.8 in April, the weakest since February 2021.

• New orders declined at the sharpest pace since February 2021 as US tariffs caused orders to be cancelled or postponed.
• Output fell at the sharpest pace in just over four years.

US

The US Manufacturing PMI in April was unchanged at 50.2, below the flash estimate of 50.7.

• International sales fell at the sharpest rate since Nov 2024 and were a drag on new order growth.
• Selling prices increased at the strongest pace since Feb 2023.