Daily Brief | July 25 2025

#IntercamNews ✅ U.S. durable goods orders declined in June due to a drop in aviation spending. ✅ The U.S. composite PMI for July came in at 54.6 points, above the 52.9 recorded in June. Within the data, the manufacturing PMI fell from 52.9 to 49.5 between June and July, while the services PMI rose from 52.9 to 55.2. ✅ China’s fiscal revenues fell by -0.3% in the first six months of the year compared to the previous year, according to the Ministry of Finance on Friday, maintaining the same rate of decline seen between January and May.