U.S. Corporate Optimism Hits 10-Month Low as July PMI Growth Signals Stall

July PMI stability masks slowing production and weak new business for three months. Supply chain delays and price resistance weigh on exports, while corporate optimism drops to lowest level since last October.

Woofun AI reports that U.S. PMI data for July remained stable, yet underlying metrics reveal deteriorating growth trajectories. Production expansion decelerated significantly, and new business growth weakened for the third consecutive month, indicating a reduction in inventory backlogs. Supply chain delays, declining exports, and customer price resistance exerted additional pressure on firms. Although raw material cost inflation eased slightly, overall inflationary pressures remain elevated, driving corporate optimism regarding economic growth to its lowest point since October of last year.