Latest News Stream - Composite Pmi

The S&P Global Composite PMI for Brazil fell to 44.4 in October 2026, the lowest in over six years, from 47.4 in September, signalling a fourth consecutive month of contraction in the Brazilian private sector. The downturn was broad-based across manufacturing and services, with aggregate activity dropping at the steepest pace since the period before late 2020. New business also fell the most since mid-2020. Manufacturers reported sharper declines in sales and output than service providers, although their rates of reduction eased from September. Weaker workloads led firms to cut headcounts, but the fall in employment was only marginal, while backlogs of work declined substantially. On the price front, input costs and output charges rose at softer rates than in September, although both remained above their long-run averages. Cost pressures were stronger in services, while manufacturers raised their selling prices at a faster pace.

The S&P Global South Africa PMI held steady at 49.0 in October 2026, remaining below the 50.0 threshold for a second consecutive month and signaling continued weakness in private sector activity. Output declined at its fastest pace since December 2025, as subdued demand, higher fuel costs and transport disruptions weighed on business operations. New orders continued to fall, although at a slower pace than in September, while export demand weakened for the first time since May. Employment declined for a third consecutive month, recording its steepest drop in six years. Meanwhile, rising fuel costs drove purchasing cost inflation to a four-month high, while selling prices increased at the fastest pace in four months. Supply chain delays persisted, although delivery times improved slightly. Looking ahead, business confidence weakened sharply, with expectations falling to their lowest level since August 2020 amid economic and geopolitical uncertainty.

Russia’s S&P Global Composite PMI fell to the neutral level of 50.0 in October 2026 from September’s seven-month high of 50.8, pointing to stagnation in private-sector business activity following two months of marginal growth. The stall came as a slower decline in factory orders was offset by a renewed reduction in sales across the service sector. Employment rose fractionally, ending an eight-month sequence of job shedding, while the backlog of work fell solidly, marking the fastest decline in three months. On the price front, input costs rose sharply, as a slower increase in manufacturing input costs was offset by a quicker rise in expenses faced by services companies. Meanwhile, selling prices rose to a nine-month high, driven by service providers.

Japan’s S&P Global Composite PMI Business Activity Index eased to 52.1 in October 2026 from the flash estimate and September reading of 52.3. It marked the lowest reading since May but extending private-sector growth for a 19th consecutive month. A slightly faster expansion in services activity was offset by slower manufacturing output growth. Total new orders increased at the same modest pace as in September, while overall sales continued to benefit from higher export demand, although new export business growth slowed to a four-month low. Meanwhile, employment growth weakened to its slowest pace in a year, while business confidence in the year-ahead outlook fell to a three-month low, suggesting moderating optimism. On the price front, input costs continued to rise sharply by historical standards, although the pace of inflation in output prices eased to a four-month low.

The US Composite PMI fell to 55.9 in October 2026 from 58.4 in September, its lowest reading in three months and below the preliminary estimate of 57.6, as both manufacturing output and services activity recorded weaker gains. Nevertheless, new business continued to increase sharply, supported primarily by strong demand in the services sector, while overall employment growth remained positive. Cost pressures also stayed elevated, despite easing somewhat from September, and businesses raised selling prices at the fastest pace since August 2022, suggesting that inflationary pressures remain a concern. Meanwhile, confidence in the business outlook weakened, falling to its lowest level since May. Overall, the survey points to continued economic expansion, but slower momentum, persistent pricing pressures and deteriorating business confidence indicate growing challenges for the private sector.

The S&P Global Canada Composite PMI fell to 48.1 in October from 48.7 in September, marking its fifth consecutive month below the neutral 50 threshold and signalling a deterioration in private-sector business conditions. Output declined across both manufacturing and services, with contractions of similar magnitude. Manufacturing activity contracted for the first time in 2026, while services activity fell for a fifth consecutive month. The downturn was closely linked to a comparable decline in new business, pointing to continued weakness in demand. Employment also decreased as firms faced limited pressure on capacity, reflected in a further reduction in outstanding workloads. Meanwhile, cost pressures intensified, prompting businesses to raise their selling prices at a faster pace.

The S&P Global UK Composite PMI edged up to 52.9 in October 2026, from 52 in September, slightly below the flash estimate of 53.1 but marking its highest level since February. Growth was supported by stronger manufacturing activity, while the services sector also performed well, recording its fastest increase in output volumes since September 2024. New business rose at the strongest pace in nine months, supported by a renewed expansion in export sales. Business activity expectations also improved, reflecting reduced risk aversion and greater optimism about near-term customer demand. This helped support a marginal rise in private-sector employment, the first in 25 months, driven by renewed hiring in services. However, inflationary pressures intensified, with input costs rising for a third consecutive month and at their fastest pace since June. Firms across both sectors cited higher fuel and transportation costs as key drivers.

The S&P Global Eurozone Composite PMI fell to 51.7 in October 2026, down from 53.1 in September and below the preliminary estimate of 51.9. The reading marked the first decline since May, signalling a softer expansion in private-sector activity and the weakest pace of growth in four months. The slowdown was broad-based, with both manufacturing and services output expanding at slower rates. New business inflows nearly stagnated following three months of solid growth, while employment declined and business confidence fell to its lowest level since May. On the price front, input cost inflation accelerated to a five-month high, while output charges continued to rise sharply, although at a slower pace than in September.

The S&P Global Germany Composite PMI was revised higher to 53.4 in October 2026 from a preliminary of 52.8, and down slightly from September's 11-month high of 53.8. The reading showed that growth in Germany’s private sector slowed slightly but remained robust, as activity in the services sector eased (52.5 vs. 52.9), while manufacturing growth accelerated (54.2 vs. 53.9). Growth in new business slowed sharply, with a renewed drop in demand in the service sector coinciding with a weaker (though still solid) rise in factory new orders. Employment meanwhile fell for the first time in three months, alongside a slight dip in firms' expectations towards future output. As for prices, there were slowdowns in the rates of input cost and output price inflation, with the latter easing to its lowest since March.

The S&P Global France Composite PMI for October 2026 was revised sharply down to 46.6 from the flash estimate of 48.4, falling below September’s 51.1. The data confirmed a return to contraction in the country’s private sector, with the decline being solid and the steepest since May. Both manufacturing and services activity contracted, although the downturn was significantly more pronounced in services. Output, new orders and employment all declined, particularly in services. Meanwhile, lower inflationary pressures in services helped counter rising manufacturing costs and selling prices, resulting in slower price growth across the private sector.

The S&P Global Italy Composite PMI edged down to 50.8 in October 2026 from 51.0 in September, marking its lowest level since May while signaling a continued but modest expansion in private sector activity. The slight slowdown reflected a faster contraction in manufacturing output, which offset stronger growth in the services sector. New business continued to increase modestly, with services remaining the sole source of expansion. Employment also rose slightly, broadly in line with the series average. Meanwhile, cost pressures intensified to their strongest level in four years, with both manufacturing and services contributing to the increase. Output charge inflation also accelerated to its highest rate since the start of 2023.

India’s HSBC Composite PMI eased to 56.2 in October 2026 from a flash estimate of 56.7 but remained above September’s 55.9, marking the fastest expansion in private-sector activity since June. Growth was supported by stronger services activity, which offset slower factory output. New orders increased at the fastest pace since June, signaling resilient demand. However, job creation softened, while business confidence weakened from September. On the price front, input cost pressures eased across both manufacturing and services, bringing overall input inflation to an 11-month low. Output price inflation also moderated to its weakest pace since February 2022, with price pressures remaining more pronounced in manufacturing than in services.

The RatingDog China General Composite PMI edged down to 52.0 in October 2026 from 52.4 in the previous month, marking its lowest reading since July and signaling a slower expansion in private-sector activity. Faster manufacturing output growth was insufficient to offset a softer expansion in services. Total new business and new export orders continued to rise, supporting higher services employment, although growth across these indicators eased slightly from the previous month. Meanwhile, average output prices declined as manufacturers and service providers offered discounts, despite continued increases in input costs. Finally, business optimism weakened from September.

Singapore’s S&P Global PMI declined to 56.7 in October 2026 from 58.1 in September, marking the softest expansion in the private sector since May. The slowdown in activity growth was mainly attributed to operational constraints, with output growth easing despite a sharp rise in new orders, driven by expanding customer bases and business development efforts. Employment rose for the fifth straight month, marking the longest streak since 2024. Firms raised their purchasing levels at a record pace in response to the sharp rise in new orders, while delivery times deteriorated for a fourth successive month, highlighting international shipping congestion, supply shortages, and labour shortages. On prices, input cost inflation eased to an eight-month low as staff costs rose at a softer pace. As a result, selling prices rose more slowly. Finally, business sentiment improved to its third-highest level since data collection began in August 2012, amid optimism about sales and activity growth.

Australia’s S&P Global Flash Composite PMI fell to 48.5 in October 2026 from 51.9 in September, above the preliminary estimate of 47.7 but marking a seven-month low. Falling below the 50.0 no-change threshold, the latest reading signalled a renewed contraction in private-sector business activity, with downturns across both manufacturing and services. New business continued to expand, albeit at a slower and marginal pace, driven mainly by domestic demand, while new export orders remained unchanged. Meanwhile, rising outstanding workloads prompted a renewed increase in employment, although job creation was confined to the services sector. Business optimism remained subdued. Finally, input costs and output prices rose at faster rates in October, with both inflation measures exceeding their respective series averages.

The Stanbic IBTC Bank Nigeria PMI edged down to 55.7 in October 2026 from 56.4 in September, indicating continued improvement in private-sector business conditions for the ninth consecutive month, albeit at a slower pace. Growth in new orders moderated slightly, despite continued support from stronger customer demand and new product launches. However, output rose across all four monitored sectors. Employment growth also slowed to a three-month low. Backlogs of work fell for a third consecutive month, with the pace of depletion reaching its fastest since January. Purchasing activity continued to rise, although the increase in stocks of purchases eased from September. On prices, higher fuel costs drove purchase price inflation to a four-month high, while selling price inflation accelerated to its fastest pace in four months. Business confidence remained strongly positive, despite easing slightly from September.

The UK private sector continued to expand in October, with the flash Composite PMI Output Index rising to 53.1 from 52 in September, exceeding market expectations of 51.8 and reaching an eight-month high. Growth was supported by the sharpest increase in new business since September 2024. Both manufacturing and services recorded stronger output growth, while manufacturing activity posted its strongest increase in just over two years. Improving demand also helped employment return to growth for the first time since September 2024, ending a two-year period of job cuts, although the increase in staffing remained marginal. However, inflationary pressures intensified, with input costs rising sharply and the overall pace of cost inflation reaching its highest level since June. Business confidence regarding the year ahead edged higher in October, but optimism remained below the survey’s long-term average.