US S&P Global Manufacturing PMI Final (Jul) 53.9 vs. Exp. 53.8 (Prev. 53.9)
July's US Manufacturing PMI hit 53.9, beating expectations. However, high energy costs and tariffs have dampened business optimism to its lowest since October, despite AI infrastructure investments supporting growth.
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“While input cost inflation moderated slightly,inflationary pressures remained elevated thanksprincipally to the combination of high energy prices andtariffs. In response, producers are either trying to raiseselling prices to protect margins or boost productivity,hence July also saw another month of high factory gateprice inflation and subdued job gains. “In this environment, business optimism about growthprospects slipped to the lowest since last October,underscoring the downside risks to the near-termoutlook.
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