Switzerland July SVME purchasing managers index (PMI) 53.2, below 55 expected and down from 54.3 previously.

Vietnam recorded its eighth consecutive monthly trade deficit in July as factories expanded capacity and imports surged. July exports rose 25% YoY to $53.1bn, broadly in line with economists' 25.5% forecast, while imports climbed 41.4% YoY—above the 36.7% consensus—producing a $3.59bn deficit. Data show the US remained Vietnam's largest export market in the first seven months of 2026, with Vietnam's trade surplus with the US up 22.6% to $91.4bn; the export-dependent economy is facing renewed pressure from US tariff policy.

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