Factories hold the line as new orders strengthen, but confidence is fraying
The Manufacturing Purchasing Managers' Index (PMI) held steady at 50.7 in July (Jun: 50.7)
- The reading shows manufacturing entered 2H26 on a stable footing, despite lingering geopolitical uncertainty and external headwinds.
Stronger demand continued to support new orders
- New orders increased at the fastest pace in eight months, backed by repeat business, stronger demand, new product launches and new tenders.
- Output kept expanding, though the pace was largely unchanged from June, suggesting production has yet to fully catch up with stronger order inflows.
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