ME News reports that on August 3 (UTC+8), Chris Williamson, Chief Business Economist at S&P Global Market Intelligence, stated that although U.S. PMI data for July remained stable, underlying survey figures revealed warning signs for future growth trajectories. Production growth slowed noticeably in July, and new business growth weakened for the third consecutive month, reflecting reduced inventory buildup. Pressures also emerged from increased supply chain delays, declining exports, and customer resistance to high prices. Although inflationary pressures on raw material costs eased slightly, overall inflation remains elevated, and business optimism regarding economic growth prospects fell to its lowest level since October last year. (Source: ChainCatcher)
U.S. July PMI Stable, but Growth Warnings Emerge
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Summary
U.S. July PMI data indicated stability, but inflation metrics signaled caution regarding future growth. Production growth slowed, new business activity remained weak for a third consecutive month, and inventory reductions added pressure. Supply chain delays, declining exports, and customer resistance to high prices further dampened the outlook. Input cost inflation eased slightly, but overall inflation remained elevated. On-chain data reflected reduced business confidence, with optimism reaching its lowest level since October 2025.
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