制造业增长出现放缓态势，较一季度的4.1%下降0.3个百分点，为3.8%。即便如此，制造业依然是马来 西亚经济的重要组成部分，其中电气、电子和光学产品以及食品加工和动植物油脂等子行业表现强劲。 这些行业在国内需求的积极推动下维持了良好增长势头。 马来西亚统计局（DOSM）7月18日发布的初步预估数据显示，马来西亚今年二季度国内生产总值 （GDP）同比增长4.5%，超出市场预期，且高于前一季度的4.4%。这一增长率超过了市场普遍预期的 4.2%。这表明，马来西亚经济成功抵御了全球不利因素的影响。经济增长主要得益于马来西亚国内消 费的强劲表现，以及服务业和农业的有力带动。 从行业分类来看，服务业和农业的出色表现对二季度经济增长贡献最大。服务业作为二季度经济增长的 主要驱动力，同比增长5.3%，相较一季度的5.0%有所加快。这一增长主要得益于批发和零售贸易、运 输和仓储以及商业服务等子行业的强劲表现。服务业的持续增长反映出该国国内消费市场的活跃，特别 是节日期间的季节性消费增长，以及公共部门薪资调整带来的积极影响。 二季度，马来西亚农业方面表现十分突出，同比增长2.0%，相较一季度的0.6%有大幅提升。这一增长 主 ...

Graco (GGG) Q2 2025 Earnings Call July 24, 2025 11:00 AM ET Speaker0Good morning, and welcome to the second quarter conference call for Graco Inc. If you wish to access the replay for this call, you may do so by visiting the company website at w.graco.com. Graco has additional information available in a PowerPoint slide presentation, which is available as part of the webcast player. At the request of the company, we will open the conference up for questions and answers after the opening remarks from managem ...

不过黯淡数据中仍有耀眼亮点。半导体产业延续强劲势头，出口额同比跃升百分之十六点五至七十八点九亿美元，成为支撑外贸的关键支柱。汽车产业同样 逆势上行，三十六点三亿美元的出口额实现百分之三点九的增长。这两大主力产业的表现，印证了韩国高端制造业在全球供应链中的不可替代性。 阴影同样清晰可见。石油产品出口遭遇百分之十七点五的深度下滑，二十五点二亿美元的业绩显示能源需求持续疲软。传统产业与新兴产业的分化走势，揭 示出韩国经济转型期的阵痛。 七月的热浪未能融化韩国出口的寒意。韩国关税厅最新数据显示，七月前二十天韩国出口总额同比下降百分之二点二，降至三百六十一亿美元。这份成绩单 折射出全球贸易环境的不确定性正在向实体经济渗透。 贸易版图上亮起警示灯。作为韩国最大贸易伙伴的中国市场，出口额同比下滑百分之五点九至六十八点八亿美元。更值得关注的是跨太平洋贸易通道——尽 管美国市场占据重要地位，但对美出口仍下降百分之二点一，降至六十四点二亿美元。分析普遍认为，贸易政策持续波动抑制了企业的跨境交易意愿。 虽然半导体和汽车出口的亮眼数据暂时缓解了整体下滑的冲击，但连续两个关键市场的需求萎缩仍引发忧虑。尤其当传统能源类产品出口持续走弱， ...

7月15日晚间，厦门亿联网络技术股份有限公司（以下简称"亿联网络"或"公司"）发布2025年半年度业 绩预告。公司预计1-6月实现营业收入26.40亿元–26.67亿元，比上年同期下降0%-1%；归属于上市公司 股东的净利润盈利12.24亿元–12.51亿元，比上年同期下降8%-10%；扣除非经常性损益后的净利润盈利 11.399亿元–11.649亿元，比上年同期下降7%-9%。尽管公司仍保持超12亿的净利润规模，但这已是继一 季度净利润首现负增长后，业绩颓势的延续。 关于业绩变动原因，亿联网络（300628）称，报告期内，公司营业收入预计较上年同期下降0%-1%，净 利润预计较上年同期下降8%-10%。2025年上半年，公司销售业务开拓进展总体有序，但国际贸易环境 的不确定性对短期业务进展产生一定干扰，公司海外产能建设的转移过渡期对订单出货造成阶段性影 响。虽然受到宏观环境的挑战，但公司毛利率截至目前仍保持稳定，费用率受到短期营收增速不达预期 及关税政策的影响有所上升，从而对净利润增速造成一定影响。 整体而言，国际贸易政策的扰动给市场环境带来了一定的不确定性，但公司在核心业务领域仍然保持了 稳定的市场竞争力 ...

摩根大通(JPM.N)首席财务官：当前环境存在不确定性。 ...

Core Viewpoint - The June CPI increased by 0.1% year-on-year, surpassing the previous value of -0.1%, while the PPI decreased by 3.6% year-on-year, lower than the previous value of -3.3%. The simulated deflation index based on CPI and PPI remains at -1.38%, consistent with May and at a low since February 2024 [1][5]. Summary by Sections CPI and PPI Analysis - The CPI data met expectations, with high-frequency data estimating a 0.14% year-on-year increase, while the PPI was significantly lower than the expected -3.0% [1][5]. - The PPI showed a base effect advantage with a 0.2% month-on-month recovery, but year-on-year figures continued to decline, indicating potential discrepancies in high-frequency data representation [1][7]. Price Movements in Industries - In June, the PPI for coal processing fell by 5.5% month-on-month, and the prices in coal mining and black metal industries also decreased, reflecting weaker performance compared to high-frequency data [1][7]. - The durable consumer goods segment of PPI fell from 0.1% to -0.1%, with notable declines in the computer and textile sectors, possibly influenced by tariff uncertainties and the "618" e-commerce promotions [2][8]. Positive Trends in PPI - The automotive manufacturing sector saw a month-on-month PPI increase of 0.2%, indicating initial positive effects of the "anti-involution" trend in production [3][9]. - The prices for complete vehicles and new energy vehicles rose by 0.5% and 0.3% respectively, suggesting a narrowing of year-on-year declines in these categories [10]. Notable CPI Details - Key details in CPI include a 0.3% month-on-month decrease in alcohol prices, a shift in clothing prices from increase to decrease during the "618" sales, and a 0.4% decline in transportation tools, indicating ongoing price reductions in the automotive retail sector [4][10]. - Medical service prices have shown a consistent upward trend, with a year-to-date increase of 0.7%, while pork prices fell by 1.2% month-on-month, although a rebound was noted post-June 26 [4][10]. Overall Price Stability and Future Outlook - The current task of stabilizing prices remains significant, with no signs of a turning point in the simulated deflation index. Various factors, including supply-demand fundamentals and external demand fluctuations, are influencing prices [4][13]. - Positive signs include a moderate rise in core CPI year-on-year, improvements in coal and meat prices since July, and initial positive signals in automotive manufacturing prices [4][13]. Key future indicators will be the recovery of local project starts and the continued effectiveness of the "anti-involution" trend [4][13].

Core Insights - Singapore's manufacturing output grew by 3.9% year-on-year in May, marking 11 consecutive months of growth, but the growth rate has slowed compared to previous months, indicating a shift in growth dynamics within the manufacturing sector [1][5] Manufacturing Sector Performance - The transportation engineering sector showed the most significant growth, increasing by 25.6% year-on-year, with aerospace benefiting from a 43.6% increase due to rising maintenance and repair demands [1] - Conversely, the land transport sector declined by 12.0%, attributed to changes in the global automotive market and structural adjustments within Singapore's land transport industry [1] - The precision engineering sector experienced a robust growth of 10.3%, driven by increased demand for semiconductor and measurement equipment, with the machinery and systems segment growing by 12.3% [1] Electronics Industry - The electronics sector's output also grew by 3.9% year-on-year, with the information and communication technology and consumer electronics segments performing strongly, increasing by 42.6% [2] - However, the computer peripherals and data storage segments saw declines of 18.7% and 20.8%, respectively, indicating rapid market changes and technological updates within the electronics industry [2] Traditional Manufacturing Challenges - Traditional manufacturing faced significant challenges, being the only sector to decline, with an overall decrease of 8.9% year-on-year. While the printing industry grew by 2.2%, other areas saw declines, particularly miscellaneous industries, which dropped by 16.6% [2] Factors Affecting Manufacturing Growth - The fluctuations in the biopharmaceutical manufacturing sector have impacted overall manufacturing growth, with a more stable growth rate of 4.9% when excluding this sector [3] - Global economic uncertainties, including trade tensions and geopolitical issues, have affected external demand for Singapore's manufacturing, potentially limiting growth opportunities [3][4] - Ongoing industrial restructuring and upgrading efforts by the Singapore government aim to enhance competitiveness and value addition, but traditional sectors may face challenges during this transition [4] Future Outlook - Despite the slowdown in growth and sectoral disparities, there are opportunities for Singapore's high-tech manufacturing to thrive amid global technological advancements [5] - However, challenges remain due to increased global economic uncertainties, protectionist measures, and intensified market competition, which could impact external demand and industry positioning [5]

欧洲央行行长拉加德：我们所面临的环境将继续高度不确定，甚至可能变得更加动荡。 ...

日本政府官员：制造商的情绪因生产环境中的不确定性而恶化。 ...

Core Viewpoint - The Gross Law Firm has issued a notice to shareholders of Vestis Corporation regarding a class action lawsuit due to allegations of misleading statements and failure to meet growth expectations [1][3]. Allegations and Financial Impact - The allegations state that Vestis Corporation provided overly positive statements while concealing material adverse facts about its business growth capabilities [3]. - On May 7, 2025, Vestis announced disappointing financial results for Q2 2025, withdrew its revenue guidance for the full fiscal year, and provided lower-than-expected guidance for Q3 2025, attributing the poor performance to lost business and lower customer volume [3]. - Following the announcement, Vestis' stock price plummeted from $8.71 per share on May 6, 2025, to $5.44 per share on May 7, 2025, marking a decline of approximately 37.54% in one day [3]. Class Action Details - The class period for the lawsuit is defined as May 2, 2024, to May 6, 2025, and shareholders are encouraged to register for participation [3][4]. - The deadline for shareholders to seek lead plaintiff status is August 8, 2025, and there is no cost to participate in the case [4]. Firm's Commitment - The Gross Law Firm aims to protect investors' rights and seeks recovery for those who suffered losses due to misleading statements or omissions by companies [5].