AGP Executive Report
Last update: 10 hours agoManufacturing Pulse (PMIs): Absa’s South Africa PMI slipped to 46.8 in July, but domestic demand and new sales orders improved, hinting output is stabilizing even as exports fell. UK Output Rebound: UK manufacturers pushed production to a near-two-year high; the PMI rose to 51.9 as input-cost pressure eased and firms stayed optimistic. India Slows: India’s manufacturing PMI eased to 53.5 in July, the weakest since Aug 2021, as new orders growth cooled and job creation slowed. Philippines Turnaround: The Philippines PMI jumped to 51.8, with production and new orders rising fastest since February. China Auto Quality & Payments: China’s MIIT inspected Chery, NIO (Anhui) and JAC on safety and production consistency, while also moving to tighten supplier payment terms at major automakers. Energy Storage Buildout: Coal India floated an EPC tender for a 187.5MW/750MWh BESS in Telangana with 15 years O&M. Semiconductor Supply Chain: SEMI reported global silicon wafer shipments up 7.4% year-on-year in Q2 2026, supported by AI demand. Cross-border Industrial Deals: Chery will invest $75m in Korea’s KG Mobility via convertible bonds, aiming to leverage overseas manufacturing capacity.
Note: AI summary from news headlines; neutral sources weighted more to help reduce bias in the result. Feedback is welcome. Please let us know if you have any comments or suggestions about the AGP Executive Report.
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