Economic Buzz: US Manufacturing PMI At Two Year Low

2 Aug 2022 , 01:19 PM

The United States manufacturing purchasing managers index (PMI) stood at 52.2 in July, S&P Global revealed in its report released on Monday. The figure was the lowest in the past two years. One of the notable drivers of the July readings decline was a fall in production, which was down for the first time since June 2020, while new orders recorded the fastest pace decrease in over two years.Powered by Commodity Insights