US July flash PMI rises to 53.6, while supplier delivery delays worsen for an 11th month
US July flash composite PMI rose to 53.6, signaling firmer growth, but supply chains are deteriorating as Hormuz-linked rerouting lengthens delivery times and lifts war-risk insurance. The chokepoint's disruption raises energy transport uncertainty, increasing supply-risk premia across crude markets. While stronger activity supports demand, the dominant market implication is heightened oil supply risk and broader cost-push inflation pressure.
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NCCO1OILBRENT2USD/USDT-0.58%
AI Insight · NCCO1OILBRENT2USD/USDTAI Insight
▲ Bullish
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The US July S&P Global flash composite PMI rose to 53.6, an eight-month high, beating the 52.2 estimate and signaling firmer private-sector momentum. At the same time, US manufacturers reported a near four-year worst in supplier delivery delays, extending a deterioration streak to 11 consecutive months. The combination points to stronger activity alongside intensifying supply-chain strains tied to disruptions around the Strait of Hormuz.