US PMI Data Highlighted in July 2025 Economic Report
- US PMI data released, revealing economic trends.
- Composite PMI: 54.6, Manufacturing: 49.5.
- Potential implications for crypto assets in Q3.
The release of the US economic report for July 2025 shows an S&P Composite PMI of 54.6, signaling economic expansion.
The increase in the Composite PMI suggests ongoing economic growth, yet mixed data results in cautious market sentiments.
Economic Indicators
The S&P Composite PMI rose to 54.6, indicating economic expansion, while the Manufacturing PMI was at 49.5, pointing to contraction in manufacturing. The data reflects a complex economic landscape, with contrasting growth signals. Justyna Zabinska-La Monica from The Conference Board stated:
“For a second month in a row, the stock price rally was the main support of the LEI. But this was not enough to offset still very low consumer expectations, weak new orders in manufacturing, and a third consecutive month of rising initial claims for unemployment insurance … Real GDP is projected to grow by 1.6% this year, with the impact of tariffs becoming more apparent in H2 as consumer spending slows due to higher prices.”
President Trump’s administration attributes the positive macroeconomic trends, including a 2.1% core inflation rate and robust consumer spending, to policy decisions. Ernst & Young Chief Economists, however, warn of a GDP slowdown in 2025, suggesting businesses may reduce workforce expansion due to increasing costs.
Potential Impact on Crypto Markets
The economic data presented may affect various sectors differently, including potential market cautiousness about risk assets. Previous trends indicate that strong macroeconomic days generally support major cryptocurrencies such as Bitcoin and Ethereum. However, tariff pressures may shift market strategies in the upcoming months.
Without direct statements from key crypto figures or exchanges in response to the data, comprehensive shifts are unclear. Historical data shows heightened cryptocurrency volatility during macroeconomic releases. As the economic slowdown becomes more evident, regulatory measures might also adapt, focusing on maintaining stability amid changing economic conditions.
