Editor's PiCK
US July Manufacturing PMI 49.8... Slightly Exceeds Market Expectations
Minseung Kang
Summary
- The US July Manufacturing PMI was reported at 49.8, slightly surpassing the market expectation of 49.5.
- S&P Global stated that concerns about tariffs and stagnant demand have deteriorated business conditions.
- As the PMI fell below 50, it suggests that the economy remains in a contraction phase.
The July Manufacturing Purchasing Managers' Index (PMI) for the United States slightly exceeded expectations.
On the 1st (local time), the Manufacturing PMI announced by S&P Global registered at 49.8, slightly above Wall Street's expectation of 49.5.
S&P Global's report stated, "Concerns about tariffs are dominating the overall manufacturing environment, and together with stagnant demand, overall business conditions have deteriorated for the first time in 2025."
The Purchasing Managers' Index (PMI) uses 50 as the baseline to gauge whether the business climate is expanding or contracting. If the PMI is above 50, it indicates economic expansion, while below 50 signals economic contraction.
Minseung Kang
minriver@bloomingbit.ioBlockchain journalist | Writer of Trade Now & Altcoin Now, must-read content for investors.
