Core Insights - The U.S. manufacturing sector continued to contract in July, marking the fifth consecutive month of decline after a brief expansion earlier in the year [1] - The Manufacturing PMI for July was reported at 48%, a decrease of 1 percentage point from June, indicating ongoing challenges in the manufacturing recovery [1][2] - Despite the contraction in manufacturing, the overall U.S. economy has experienced growth for 63 consecutive months since the brief recession in April 2020 [1] Manufacturing Activity - The new orders index recorded at 47.1%, indicating a slight easing in the trend of order reduction, although it remains in contraction territory [2] - The production index improved to 51.4%, entering the expansion zone, suggesting some manufacturers have increased capacity [2] - The employment index fell to 43.4%, reflecting a cautious approach to hiring among businesses [2][3] Price and Supply Chain Dynamics - The prices index was at 64.8%, showing continued cost increases but a significant drop from 69.7% in the previous month, indicating some relief from inflationary pressures [2] - The supply delivery index decreased to 49.3%, suggesting improved supply chain efficiency, partly due to reduced demand [2][3] - The inventory index fell to 48.9%, indicating ongoing adjustments to align inventory levels with actual orders [2] Export and Import Trends - The new export orders index was at 46.1%, slightly down from June, while the import index was at 47.6%, indicating weak internal and external demand [2] Overall Manufacturing Health - Approximately 79% of U.S. manufacturing industries were in contraction in July, a significant increase from 46% in June, highlighting widespread industry weakness [3] - All six major manufacturing sectors, which had previously shown expansion in June, fell into contraction in July, indicating comprehensive pressure across the industry [3][4] - The overall manufacturing performance remains weak, with a broadening contraction suggesting that the sector will face challenges in the near term [4]

Core Viewpoint - The U.S. manufacturing sector continues to experience a downturn, with factory employment reaching its lowest level in five years due to rising import material costs from tariffs [1] Manufacturing Sector Summary - The ISM manufacturing PMI index fell from 49.0 in June to 48.0 in July, indicating a contraction in the manufacturing sector, which constitutes 10.2% of the U.S. economy [1] - The new orders sub-index increased from 46.4 in June to 47.1 in July, but it has still contracted for six consecutive months [1] - The production index rose from 50.3 to 51.4, suggesting an increase in output, yet factories continue to lay off workers [1] - The employment index dropped from 45.0 in June to 43.4 in July, marking the lowest level since July 2020 [1] - ISM noted that the pace of layoffs is accelerating due to uncertainties in demand in the near to mid-term [1]

Core Insights - The final value of the S&P Global Manufacturing PMI for the U.S. in July is reported at 49.8, which is slightly above the expected value of 49.7 and an increase from the previous value of 49.5 [1] Summary by Category - **Manufacturing Sector Performance** - The U.S. manufacturing sector shows a PMI of 49.8 for July, indicating a marginal improvement compared to the previous month [1] - The PMI value remains below the neutral mark of 50, suggesting that the manufacturing sector is still in a contraction phase despite the slight increase [1]

Group 1 - The manufacturing PMI in July showed a marginal decline, significantly weaker than seasonal trends observed in previous years, with the new orders index particularly affected [1] - Manufacturing momentum is experiencing a marginal downturn, indicating overall downward pressure on the sector [1] - Despite the challenges, the political bureau meeting has set a positive policy tone for the future, suggesting a focus on stability and progress in the second half of the year [1] Group 2 - The government is expected to accelerate bond issuance as part of its policy response, particularly if data continues to show a downward trend [1] - In the overseas market, the Federal Reserve's recent meeting indicated a hawkish stance from Chairman Powell, with a focus on employment and inflation [1] - June inflation slightly exceeded expectations due to rising commodity prices, adding uncertainty to the timing of potential interest rate cuts [1]

PMI数据显示加拿大7月份制造业活动连续第六个月下降 金十数据8月1日讯，周五公布的数据显示，加拿大制造业7月份连续第六个月萎缩，原因是关税削弱了 其与美国的贸易，并促使企业减少库存和裁员。标普全球调查显示，7月加拿大制造业PMI从6月份的 45.6小幅上升至46.1，但仍远低于50荣枯线。自2月份以来，加拿大制造业PMI一直低于50。标普全球全 球市场情报经济总监PaulSmith表示，7月份，加拿大制造业在关税面前继续举步维艰，产出、新订单和 购买活动均出现明显下降，尽管下降幅度不及近几个月。与美国的贸易再次面临特别大的挑战，企业注 意到来自美国客户的需求和销售量有所下降。 ...

Group 1 - The core point of the article is that Canada's RBC Manufacturing PMI for July is reported at 46.1, an increase from the previous value of 45.6 [1]

智通财经8月1日电，标普全球巴西7月制造业PMI为48.2，前值为48.3。 ...

-1000 -500 0 500 1000 1500 日期 01-13 01-26 02-08 02-21 03-05 03-18 03-31 04-13 04-26 05-09 05-22 06-04 06-17 06-30 07-13 07-26 08-08 08-21 09-03 09-16 09-29 10-12 10-25 11-07 11-20 12-03 12-16 12-29 2025 2024 2023 2022 2021 焦煤--基差 -1000 -500 0 500 1000 1500 日期 01-14 01-28 02-11 02-25 03-10 03-24 04-07 04-21 05-05 05-19 06-02 06-16 06-30 07-14 07-28 08-11 08-25 09-08 09-22 10-06 10-20 11-03 11-17 12-01 12-15 12-29 2025 2024 2023 2022 2021 焦炭--基差 | | 黑色产业数据每日监测（8.01） | | | | | | --- | --- | --- | --- | --- | - ...

德国7月制造业PMI终值49.1，预期49.2，前值49.2。 ...

西班牙7月制造业PMI为51.9，预期51.5，前值51.4。 ...