{"id":435314,"date":"2026-08-03T20:47:11","date_gmt":"2026-08-03T13:47:11","guid":{"rendered":"https:\/\/www.swingfish.trade\/blog\/market-news\/sp-global-manufacturing-pmi-final-for-july-53-9-vs-53-8-preliminary-435314\/"},"modified":"2026-08-03T20:47:11","modified_gmt":"2026-08-03T13:47:11","slug":"sp-global-manufacturing-pmi-final-for-july-53-9-vs-53-8-preliminary","status":"publish","type":"post","link":"https:\/\/www.swingfish.trade\/blog\/market-news\/sp-global-manufacturing-pmi-final-for-july-53-9-vs-53-8-preliminary-435314\/","title":{"rendered":"S&amp;P Global Manufacturing PMI Final for July 53.9 vs 53.8 preliminary"},"content":{"rendered":"<div>\n<ul>\n<li>Preliminary 53.8. Last month 53.9<\/li>\n<\/ul>\n<p class=\"PDq2pG_selectionAnchorContainer\">Key Takeaways<\/p>\n<ul>\n<li>PMI unchanged at 53.9, signaling continued but steady manufacturing expansion.\n<\/li>\n<li>Output growth slowed to its weakest pace since March.\n<\/li>\n<li>New orders softened for the third consecutive month.\n<\/li>\n<li>Export demand remained weak, hurt by tariffs and subdued global demand.\n<\/li>\n<li>Supply chain disruptions intensified, with vendor delays among the worst in four years due to Middle East-related disruptions.\n<\/li>\n<li>Input costs and selling prices continued to rise, although inflation pressures eased modestly.\n<\/li>\n<li>Hiring remained subdued, while backlogs edged higher because of material shortages.\n<\/li>\n<li>Business confidence weakened to its lowest level since October 2025 amid concerns over inflation, supply constraints, and slowing sales.\n<\/li>\n<\/ul>\n<p>The report paints a picture of a manufacturing sector that is still expanding but losing momentum. Growth remains supported by domestic demand, but persistent supply chain disruptions, elevated costs, weaker export demand, and declining business confidence suggest the sector is becoming more vulnerable heading into the second half of the year.<\/p>\n<\/p>\n<p>Chris Williamson, Chief Business Economist at S&amp;P<br \/>\nGlobal Market Intelligence\n<\/p>\n<p>\u201cAlthough the headline PMI held steady in July, beneath<br \/>\nthe survey we see some warning signs about the future<br \/>\ngrowth trajectory. Production rose at a markedly slower<br \/>\nrate in July, linked to a third month of weakened growth<br \/>\nof new business, in turn reflecting reduced inventory<br \/>\nbuilding after the especially strong precautionary stock<br \/>\naccumulation reported in the second quarter. Further<br \/>\npressure came from increased supply chain delays,<br \/>\nfalling exports, and further pushback on high prices from<br \/>\ncustomers.<br \/>\nWhile input cost inflation moderated slightly,<br \/>\ninflationary pressures remained elevated thanks<br \/>\nprincipally to the combination of high energy prices and<br \/>\ntariffs. In response, producers are either trying to raise<br \/>\nselling prices to protect margins or boost productivity,<br \/>\nhence July also saw another month of high factory gate<br \/>\nprice inflation and subdued job gains.<br \/>\nIn this environment, business optimism about growth<br \/>\nprospects slipped to the lowest since last October,<br \/>\nunderscoring the downside risks to the near-term<br \/>\noutlook.\u201d<\/p>\n<p>Despite the warnings of future growth trajectory, US stocks are higher with Nasdaq now up about 1%, the S&amp;P is up 0.82% and the Dow is up 1.22% led by:<\/p>\n<ul>\n<li>Microsoft (MSFT):+5.40%<\/li>\n<li>Amazon (AMZN):+5.29%<\/li>\n<li>Salesforce (CRM):+4.90%<\/li>\n<li>Boeing (BA):+4.11%<\/li>\n<li>Sherwin-Williams (SHW):+3.58%<\/li>\n<\/ul>\n<p>                            This article was written by Greg Michalowski at investinglive.com.<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Preliminary 53.8. Last month 53.9 Key Takeaways PMI unchanged at 53.9, signaling continued but steady manufacturing expansion. Output growth slowed to its weakest pace since March. New orders softened for the third&hellip;<\/p>\n","protected":false},"author":216,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[86],"tags":[],"class_list":["post-435314","post","type-post","status-publish","format-standard","hentry","category-market-news"],"_links":{"self":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/posts\/435314","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/users\/216"}],"replies":[{"embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/comments?post=435314"}],"version-history":[{"count":0,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/posts\/435314\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/media?parent=435314"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/categories?post=435314"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/tags?post=435314"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}