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Global manufacturing PMI continues to decline, causing inflationary pressures to worry😧
Yesterday was PMI data day. The UK manufacturing PMI index in July was 45. Later, Germany announced that the manufacturing PMI index was 38.8, which was lower than the expected 41 and hit a new low in nearly 40 months. These data results still show that the manufacturing industry is in the interest rate The long-term trend is that the economy is struggling under the pressure of rising demand and supply chain challenges, but the services PMI continues to perform strongly due to the resilience of consumption. In the United States, the S&P manufacturing PMI performed slightly better in July, rising 2.7 points to 49, while the preliminary service PMI dropped slightly to 52.4, but was still in the expansion range; however, the better PMI index was accompanied by unhappiness Prices rebounded, with input prices rebounding to 50.6 from 47.2 last month, and the comment said that "the survey results of the sales price index have given a worrying signal, and inflation may be difficult to further fall below 3% in the short term."
