Group 1 - The global manufacturing Purchasing Managers' Index (PMI) for July is reported at 49.3%, a decrease of 0.2 percentage points from the previous month, marking the end of a two-month upward trend [1] - The global manufacturing PMI has remained below 50% for five consecutive months, indicating continued weakness in the global manufacturing sector, with a slight reduction in recovery momentum compared to the previous month [1] - In July, the Americas' manufacturing PMI is at 48%, down 0.6 percentage points from last month, remaining in contraction territory for five months, showing a decrease in recovery momentum [1] Group 2 - The European manufacturing PMI is reported at 49.1%, an increase of 0.3 percentage points from the previous month, indicating a slow recovery trend that has persisted for seven months [1] - Africa's manufacturing PMI stands at 51.1%, up 1.4 percentage points from last month, indicating a sustained improvement in recovery and entering the expansion zone [1] - Asia's manufacturing PMI is at 50.5%, a slight decrease of 0.2 percentage points from the previous month, but has remained above 50% for three consecutive months, indicating ongoing expansion and support for global economic recovery [1] Group 3 - The global economic recovery faces significant downward pressure, with ongoing geopolitical conflicts and insufficient effective demand in global markets [2] - The World Bank's latest Global Economic Outlook report predicts that global trade growth will slow from 3.4% in 2024 to 1.8% in 2025 [2] - Experts suggest that countries need to enhance communication and collaboration to explore new cooperation models and trade rules, gradually reducing uncertainty and strengthening economic resilience [2]

Core Insights - The global manufacturing Purchasing Managers' Index (PMI) for July is reported at 49.3%, indicating a slight decline of 0.2 percentage points from the previous month, reflecting a weakening recovery in global manufacturing [1] Regional Summaries - The PMI for Asia in July stands at 50.5%, down 0.2 percentage points from last month, but remains above 50 for three consecutive months, indicating continued expansion and support for global economic recovery [1] - The PMI for Africa increased to 51.1%, up 1.4 percentage points from the previous month, marking a sustained recovery in the African manufacturing sector for two months [1] - The PMI for Europe rose to 49.1%, an increase of 0.3 percentage points from last month, showing a slight improvement in recovery, although it remains slow [1] - The PMI for the Americas decreased to 48%, down 0.6 percentage points from the previous month, indicating continued contraction in the manufacturing sector, with the U.S. PMI at 48%, the lowest this year, remaining below 50 for five consecutive months [1] Economic Outlook - The global economic recovery faces significant downward pressure, with uncertainties surrounding U.S. tariff policies and ongoing geopolitical conflicts, leading to insufficient effective demand in global markets [2] - The World Bank's latest Global Economic Outlook report predicts a slowdown in global trade growth from 3.4% in 2024 to 1.8% in 2025, emphasizing the need for countries to enhance cooperation and reduce uncertainties to boost economic recovery [2]

Group 1 - The core viewpoint of the articles indicates that the U.S. consumer price index (CPI) rose by 2.7% year-on-year in June, marking the largest increase since February and exceeding market expectations [1] - The core inflation rate, excluding volatile food and energy prices, increased by 2.9% year-on-year in June, suggesting rising price pressures due to tariffs imposed on imports [1][3] - Analysts believe that the U.S. government's tariff policies on imports are a significant factor driving up prices, with expectations of further inflationary pressures in the coming months [1][3] Group 2 - Following the CPI report, President Trump stated that inflation is still "low" and suggested that the Federal Reserve should lower interest rates, although economists caution that the impact of tariffs on inflation will take time to fully assess [5] - The World Trade Organization (WTO) reported that global trade growth is expected to slow down due to the implementation of U.S. tariffs, despite a strong growth of 3.6% in global goods trade in the first quarter of the year [6] - Specific categories of global trade showed significant growth in the first quarter, with office and telecommunications equipment trade increasing by 16%, while other categories like automotive products and fuels saw declines [8]