Posted by #China's July #Steel Industry PMI dropps by 3.2 percentage points to 33.0%.
New Order Subindex stays at 25.9%, a historical low. New Order Subindex drops 7.7 percentage points to 39.4%. The terminal market recovered slowly with underconfidence. pic.twitter.com/N5UPrrbcYb— CN Wire (@Sino_Market) July 31, 2022
JUST IN#China July official #PMI
Manufacturing PMI 49 [Est.50.4 Prev.50.2]
Non-Manufacturing PMI 53.8 [Est.53.8 Prev.54.7]
Composite PM 52.5 [Prev.54.1]#manufacturing #EconTwitter 🇨🇳
1/n pic.twitter.com/d1cUJPU6B6— CN Wire (@Sino_Market) July 31, 2022
Global container freight rates have moved down for 10 consecutive weeks and 19 out of the last 20. They are now 45% lower than their peak rates but still 4x higher than pre-pandemic levels. pic.twitter.com/9QM3YXEG59
— Charlie Bilello (@charliebilello) July 31, 2022
U.S services PMI surprises to the downside in a big way.
Forward looking U.S data continues to roll over. https://t.co/zi5B1vgTsE
— Avid Commentator 🇦🇺 (@AvidCommentator) July 22, 2022