Global PMIs continued to fall, with poor data from many countries in the US, Europe and Asia
The global PMI continued to fall in July. In Asia, most of the manufacturing PMI readings of major Asian countries, such as China, Japan, South Korea, etc. In Europe, the final Markit composite PMI for the euro area fell to 49.9 in July from 52.0 in June; In the Americas, the Canadian manufacturing PMI index showed a downward trend from its high level, while the US manufacturing PMI index fell to 52.8.
Sanmak analysis that: the reduced demand is one of the reason, and also the holidays is another reason. The manufactures are facing the difficult time recently. Sanmak still focuses on new product research and development. Working hard to occupy the core competitiveness in the fierce market competition. We always on the way and keep moving.
You also will see our innovative products in the Automechanika Germany 2022 during 13-17th Sep 2022. See you soon!
Kind Regards
Sanmak Team
