Morning Bites

🌏Global manufacturing PMIs remained broadly weak in July. The Eurozone Markit Manufacturing PMI was 49.8 (vs. 49.5 in June), while the US ISM Manufacturing PMI dropped to 48.0 (from 49.0)

🇨🇳The official NBS Manufacturing PMI in China slid to 49.3 (vs. 49.7 a month ago). Meanwhile, the Caixin China Manufacturing PMI stood at 49.5

🇮🇳 India’s manufacturing PMI of 59.1 remains one of the strongest indicators among the world's key economies

❗️Overall, PMI indices in key global economies mostly remained below 50.0 in July, underlining the weakness of local manufacturing activity, except India, with PMI continuously over 55.0

#PMIs