S&P Global flash manufacturing PMI December 51.8 versus 52.0 estimate

The December S&P Global manufacturing and services PMI data reveals weakness. The manufacturing flash PMI is at 51.8, below the estimated 52.0. The services PMI is also lower at 52.9 versus a forecast of 54.0. While all indicators are above the expansion threshold of 50.0, they fall short of expectations. Employment growth has softened, and companies cite rising costs and weak demand as factors limiting hiring. Input cost inflation has surged, particularly in services, while manufacturing PMI eased to 51.8, indicating slowing growth activity. Businesses express concerns over price increases and economic uncertainty, leading to a decline in confidence. There are broader signs of slowing momentum as new orders fall, which could impact future economic activity significantly.