Group 1: PMI Data Overview - The manufacturing PMI for July is 49.3%, a decrease from the previous value of 49.7%[1] - The production index is at 50.5%, down 0.5 percentage points from 51.0%[1] - The new orders index is at 49.4%, down from 50.2%[1] - The new export orders index is at 47.1%, down from 47.7%[1] - The employment index is at 48.0%, slightly up from 47.9%[1] Group 2: Price and Inventory Insights - The main raw material purchase price index is at 51.5%, up 3.1 percentage points, while the factory price index is at 48.3%, up 2.1 percentage points[2] - The inventory index has decreased, with the procurement index at 49.5%, down from 50.2%[2] - The raw material inventory index is at 47.7%, down from 48.0%[1] Group 3: Demand and Expectations - The BCI sales forecast index is at 51.08%, down from 54.63%[4] - The manufacturing expectations index has slightly increased to 52.6%, up from 52.0%[5] - The construction activity expectation index is at 51.6%, down from 53.9%[5] Group 4: Risks and Challenges - Weak consumer prices and increasing trade frictions are highlighted as risks[6]