S&P Global preliminary July services PMI rose to 53.6, the strongest reading since Nov 2025, while preliminary manufacturing PMI fell to 53.8, its lowest since March. Overall PMI expansion was the fastest in eight months as robust domestic services demand — boosted by World Cup and July 4 hospitality and leisure spending — offset slower factory output, longer supply-chain delays and rising costs. S&P Global Market Intelligence chief business economist Chris Williamson said persistent supply dela

S&P Global preliminary July services PMI rose to 53.6, the strongest reading since Nov 2025, while preliminary manufacturing PMI fell to 53.8, its lowest since March. Overall PMI expansion was the fastest in eight months as robust domestic services demand — boosted by World Cup and July 4 hospitality and leisure spending — offset slower factory output, longer supply-chain delays and rising costs. S&P Global Market Intelligence chief business economist Chris Williamson said persistent supply delays and renewed price pressures are constraining growth and demand, and recent Middle East events could worsen supply and price risks and increase near-term downside, suggesting July’s rebound may not mark a sustained improvement.