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中国财新服务业采购经理人指数飙升至52.6，因需求增强和乐观情绪再次出现。7月份，中国财新服务业采购经理人指数从50.6大幅跃升至52.6，远高于50.4的预期，标志着自2024年5月以来的最快扩张速度。然而，由于制造业疲软，PMI综合指数从51.3降至50.8。

China's Caixin Services PMI surges to 52.6, on stronger demand and renewed optimism.China's Caixin Services PMI jumped sharply from 50.6 to 52.6 in July, well ahead of expectations at 50.4, marking the fastest pace of expansion since May 2024. PMI Composite, owever, fell from 51.3 to 50.8 as dragged down by weak manufacturing.

标准普尔全球埃及采购经理人指数从6月份的48.8上升至2025年7月的49.5，表明非石油私营部门的收缩放缓，创下五个月来的最高读数。尽管产出和新订单继续下降，但收缩率有所缓解，一些公司注意到需求有所改善，特别是在服务业。作为回应，在未完成工作增加的支持下，就业人数自10月以来首次增加。与此同时，采购活动再次下降，尽管减少速度放缓，而在稳定的供应链条件下，库存水平基本保持稳定。与此同时，在燃料、水泥、包装和工资成本上涨的推动下，投入价格上涨速度略快，尽管通货膨胀率仍低于长期平均水平。销售价格连续第三个月上涨，但涨幅不大。展望未来，在持续的经济不确定性中，市场情绪仍然疲软，尽管乐观情绪从6月份的历史低点略有上升。

The S&P Global Egypt PMI rose to 49.5 in July 2025 from 48.8 in June, indicating a softer contraction in the non-oil private sector and marking the joint-highest reading in five months. Although output and new orders continued to decline, the rates of contraction eased, with some firms noting improved demand, particularly in the services sector. In response, employment increased for the first time since October, supported by a rise in outstanding work. At the same time, purchasing activity declined again, though the pace of reduction slowed, while stock levels remained broadly stable amid steady supply chain conditions. Meanwhile, input prices rose at a slightly quicker pace, driven by higher costs for fuel, cement, packaging, and wages, though inflation stayed below the long-run average. Selling prices rose for the third straight month but only modestly. Looking ahead, sentiment remained weak amid ongoing economic uncertainty, though optimism ticked up slightly from June’s record low.

利雅得银行沙特阿拉伯的采购经理人指数从上个月的三个月高点57.2降至2025年7月的56.3。减速主要是由于产出和新业务的增长速度放缓，新订单量以三年半以来的最低速度增长。在就业方面，本月创造的就业机会明显增加，部分反映了积压工作的增加。在定价方面，非石油私营部门的投入成本压力仍然较高，尽管与第二季度平均水平相比，整体通胀速度略有放缓。尽管在留住员工和提供奖金的努力推动下，工资大幅上涨，但情况依然如此。因此，公司连续第二个月提高了售价。最后，企业对未来经济活动的信心明显低于6月份的两年高点。尽管企业普遍对产出增长持乐观态度，但整体信心降至2024年7月以来的最低水平。

Riyad Bank Saudi Arabia's PMI fell to 56.3 in July 2025, from a three-month high of 57.2 in the previous month. The deceleration was largely due to a slower pace of growth in both output and new business, with new order volumes expanding at its weakest rate in three and a half years. On the employment front, job creation picked up notably during the month, partly reflecting rising backlogs of work. In terms of pricing, input cost pressures remained elevated across the non-oil private sector, although the overall pace of inflation eased slightly compared to the second-quarter average. This came despite a sharp rise in wages, driven by efforts to retain staff and offer bonuses. Consequently, firms raised their selling prices for the second consecutive month. Lastly, business sentiment toward future activity declined noticeably from June’s two-year high. Although companies remain generally optimistic about output growth, overall confidence dropped to its lowest level since July 2024.

标准普尔全球阿联酋采购经理人指数从6月份的53.5降至2025年7月的52.9，标志着非石油业务活动自2021年6月以来最弱的扩张。经济放缓是由于持续的地缘政治紧张局势，特别是以色列和伊朗之间的紧张局势，抑制了客户需求和旅游业，并导致新订单出现自2021年8月以来的最温和增长。尽管销售疲软，但随着公司寻求清理积压，产量仍然强劲。就业人数小幅上升，尽管就业增长创下四个月新低，而积压的工作以自1月以来的最快速度增加。采购活动也有所减弱，反映出需求疲软和供应链表现疲软。投入成本以三个月来最快的速度上涨，导致销售价格再次上涨。受地区紧张局势缓解后需求增强的预期支撑，商业信心略有改善。然而，企业指出，竞争加剧、库存紧张和招聘限制是挥之不去的下行风险。

The S&P Global UAE PMI fell to 52.9 in July 2025 from 53.5 in June, marking the weakest expansion in non-oil business activity since June 2021. The slowdown was due to persistent geopolitical tensions, particularly between Israel and Iran, dampening client demand and tourism, and contributing to the softest rise in new orders since August 2021. Despite softer sales, output remained robust as firms sought to clear backlogs. Employment rose modestly, though job growth hit a four-month low, while backlogs increased at the fastest pace since January. Purchasing activity also softened, reflecting weaker demand and subdued supply chain performance. Input costs rose at the fastest rate in three months, leading to a renewed increase in selling prices. Business confidence improved slightly, supported by expectations of stronger demand if regional tensions ease. However, firms cited growing competition, tight inventory levels, and hiring constraints as lingering downside risks.