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

According to Odaily, analysts at Rabobank have warned that the preliminary US July PMI to be released tonight may not fully reflect recent geopolitical and commodity market developments. Analysts noted that the July survey was most likely conducted within the last two weeks. Therefore, if many respondents answered early, they may not have fully considered the current situation in the Middle East or the impact of this week's increase in oil prices. As a result, the survey results may be biased. (Golden Ten Data)