01.08.202513:52:59UTC+00US Manufacturing PMI Revised Slightly Higher: S&P Global

The S&P Global US Manufacturing PMI for July 2025 was adjusted upward to 49.8, from an initial estimate of 49.5. Despite this slight revision, the figure remains the lowest since December, indicating ongoing challenges in the US manufacturing sector. The demand faced stagnation, while uncertainty around tariffs continued to significantly impact the manufacturing landscape. Reports showed a decline in international sales, compounded by uncertainty over federal government policies, which dampened overall sentiment. This led to a reduction in employment, and firms undertook inventory control measures, reducing stock levels after prior efforts to preempt tariff impacts. In terms of pricing, input costs saw a steep increase primarily due to tariffs, though the rate of inflation eased noticeably from June's near three-year peak. Selling prices climbed considerably, marking the second highest increase since November 2022.