Is July 2021 the best month for PMI manufacturing since the pandemic?

The Purchasing Mangers’ Index (PMI) for manufacturing reached 55.3 in the month of July. The latest PMI manufacturing value has jumped above the critical threshold of 50 after falling to 48.1 in June 2021. PMI values above 50 indicate an expansion in economic activity compared to previous month. The month on month increase in July … Read more

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