Global Industries Surge with Strong PMI Growth Momentum

Global industries are experiencing robust growth momentum as of February 2026, driven by manufacturing rebounds and easing inflation pressures. PMI data indicates a pick-up in composite output across over 40 economies, with manufacturing new orders expanding at the fastest rate in nearly a year. Copper prices have skyrocketed 40% in six months, signaling strong industrial and tech demand, while South Korean cyclical stocks surged 68%.

January’s global composite PMI rose half a percentage point, aligning with sub-3% real GDP forecasts from S&P Global. This improvement stemmed from manufacturing output hitting its highest since June 2024, though services remained steady. Financial stocks outperformed globally by double digits, and small-caps show growth signs amid chaotic newsflow and geopolitical shifts.

Experts note crude oil price declines and underlying price easing as key inflation moderators. U.S. markets started 2026 strongly, with S&P 500 and Dow posting gains, Nvidia rising amid tech momentum. Roaring global growth emerges from 2026’s fog, with PMI signaling forward race despite swings.

In commodities, copper’s rally ties to supply challenges and speculation but confirms broader activity. Emerging markets contribute, with PMI upticks in Asia and Europe bolstering outlook. WTW’s February overview highlights U.S.-EU talks on Greenland impacting risk appetite.
Investors eye sustained momentum, but lackluster output expectations temper enthusiasm. Overall, industries signal resilience, positioning for continued expansion into 2026