analysis: US July PMI Preliminary Data May Underestimate Impact of Middle East Situation

Odaily Planet Daily News Dutch Rabobank analysts warn that the US July PMI preliminary data to be released tonight may not fully reflect recent geopolitical and commodity market changes. Analysts point out that the July survey was likely completed within the past two weeks. Therefore, if a large number of respondents answered early, they may not have fully considered the current developments in the Middle East situation and the impact of this week's oil price increase. As a result, the survey results may be biased. (Jin Shi)