On November 21, 2025, S&P Global released its latest Flash Purchasing Managers' Index (PMI) data, presenting a mixed view of the global economy. In the United States, business activity reportedly accelerated to a four-month high, with companies expressing increased optimism following the end of a recent government shutdown. This suggests underlying resilience in the U.S. economy. Conversely, business activity growth in Germany and the United Kingdom lost momentum. The German manufacturing sector unexpectedly contracted, while the UK saw economic growth stall amid rising job losses and deteriorating business confidence. Across the broader Eurozone, however, the economic recovery continued, marking the best two-month period of business activity in two and a half years, suggesting regional divergences in economic health.