美国7月制造业自去年12月以来首次出现恶化 关税忧虑仍占主导

Core Viewpoint - The US manufacturing sector experienced its first decline since December last year in July, primarily driven by tariff concerns dominating the business environment [1] Group 1: Manufacturing Sector Performance - In July, new orders reported by factories showed almost no change, indicating stagnation in demand [1] - Raw materials and finished goods inventories decreased, suggesting a shift in inventory management as previous stockpiling due to tariff fears has peaked [1] - Employment numbers declined as factories reduced workforce in response to rising costs and decreasing sales [1] Group 2: Economic Pressures - Input prices continued to rise significantly, with higher costs likely being passed on to customers, contributing to persistent sales price inflation in July [1] - There are indications that price pressures may have peaked in June, providing a potential easing in future inflation [1] - Factory confidence for the upcoming year has been negatively impacted, primarily due to weakened customer demand, especially in export markets, and inflationary pressures from tariffs [1]