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WSE:XTB 3 December 2025 - 30 April 2026

Global Manufacturing PMIs, ISM Data and ADP Jobs Shock: What December 3, 2025 Means for Markets

Global Manufacturing PMIs, ISM Data and ADP Jobs Shock: What December 3, 2025 Means for Markets

The first week of December 2025 is turning into a macro-data marathon. Monday’s wave of global manufacturing PMIs and the US ISM Manufacturing Index has now been followed today by the ADP National Employment Report and fresh services PMIs from Europe, China and Russia. Together they paint a clear picture: manufacturing is struggling, services are doing the heavy lifting, and the labour market is finally blinking.
3 December 2025
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