Analysis: U.S. Preliminary July PMI Data May Underestimate the Impact of the Situation in the Middle East
Svmuu News: Analysts at Rabobank have warned that the preliminary U.S. July PMI figures, set to be released tonight, may not fully reflect recent geopolitical developments and changes in the commodities market. The analysts noted that the July survey was likely completed within the past two weeks; therefore, if a significant number of respondents answered earlier, they may not have fully taken into account the current developments in the Middle East or the impact of this week’s rise in oil prices, which could lead to a bias in the survey results. (Jin Shi)
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