The final value of the US S&P Global Manufacturing PMI for July was 53.9, with an expected value of 53.8, compared to the previous value of 53.8. Chris Williamson, Chief Business Economist of S&P Global Market Intelligence, stated that the US PMI index remained stable in July, but there are warning signals of future growth trajectory behind the survey data. Production growth slowed down in July, new business growth remained weak for the third consecutive month, supply chain delays intensified, exports declined, and customer resistance to high prices brought pressure. Raw material cost inflation slightly eased, but energy prices and tariffs led to high inflation pressure.
