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    Analysis

    August 1, 2025

    ISM: Manufacturing growth slows in July, hits 10-month low

    Written by David Schollaert

    US manufacturing activity slowed again in July to a 10-month low, according to supply executives contributing to the Institute for Supply Management (ISM)’s latest report. Despite a promising start to the year, the domestic manufacturing sector has contracted for a fifth straight month,

    The ISM Manufacturing PMI (Purchasing Managers Index) stood at 48% in July, down one percentage point from 49% a month earlier.

    David Schollaert

    David Schollaert is deputy editor-in-chief for Steel Market Update. David joined SMU after more than a decade in the metals and mining industry in a myriad of different roles. Much of his early experience and expertise were within the coverage and analysis of steel-making raw materials and served previously as senior editor of the CRU Prices Service. Most recently, however, before his return to market analysis, David held roles as a metals buyer and an operations manager for raw material suppliers. He can be contacted at david@steelmarketupdate.com or 724-720-1008.

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