Global PMIs Mixed in August Readings

In August, U.S. manufacturing expanded as the ISM PMI rose to 54.6, though new orders and production cooled while supplier deliveries signaled ongoing bottlenecks. The UK manufacturing PMI slipped to 51.7 but remained in expansion. Germany's PMI rose to 54.3 on stronger orders and exports, despite higher costs. Brazil's manufacturing PMI dropped to 46.3, signaling contraction for a second month amid weak demand. Overall, the data show mixed regional performance, with the U.S. and Germany expanding, the UK cooling but resilient, and Brazil contracting, underscoring divergent demand and supply-chain pressures. The broader context includes ongoing concerns about tariffs and geopolitical tensions influencing costs.