The US Non-Manufacturing Index edged down to 55.5 in July, but remained in expansion territory, indicating a solid economic foundation. New orders and business activity continued to grow, while employment slowed slightly. Sector performance was mixed. Going forward, attention should be paid to the impact of global economic uncertainties and policy factors on the non-manufacturing sector.
The US Manufacturing PMI for March was 51.3, a slight decrease from the previous month but still above the breakeven point, indicating continued expansion in manufacturing activity. New orders and production growth slowed, but employment bucked the trend and increased. Export performance was strong, suggesting continued global economic vitality. Overall, the US manufacturing sector maintains a steady growth momentum.
The Non-Manufacturing Index (NMI) reached a robust 59.1 in October, significantly exceeding the expansion threshold, indicating strong growth. Key indicators such as business activity/production, new orders, and employment all performed well, demonstrating strong market confidence. Experts predict a solid finish to the fourth quarter with substantial growth potential. Now is the prime time to seize opportunities and accelerate performance!
The latest ISM forecast indicates a potential manufacturing rebound in 2026, with accelerated revenue growth and increased capital expenditures, although upward price pressures persist. The service sector is projected to maintain steady expansion, with consistent revenue growth, continued capital spending, and a positive employment outlook. Businesses should seize these opportunities and take proactive measures to prepare for the evolving economic landscape.
European markets lacked clear direction, with precious metals experiencing a pullback. Focus shifts to US labor market data. The Australian dollar initially surged but then retreated, while European inflation data remained subdued. Market attention is now on the ADP employment report. Foreign exchange markets showed limited volatility, but geopolitical risks persist. Investors should closely monitor both economic data releases and geopolitical developments.
The Ministry of Public Security has extended the age limit for applying for a medium and large passenger and freight vehicle driving license from 60 to 63 years, aiming to address the aging crisis among freight drivers. The policy also allows drivers meeting certain conditions to extend the age limit to 66 years. This brings new job opportunities but raises concerns about employment for younger drivers.
The UK government's 'Maritime Strategy 2050' aims to strengthen its leadership in the global maritime industry through technological innovation and policy support. It focuses on the development of smart shipping and autonomous navigation technologies, enhancing employment and economic growth in related fields. In the future, the UK plans to establish autonomous multimodal transport ports through legislation, fiscal measures, and policy responses, promoting sustainable development in the industry.
This report assesses the economic value of the air transport industry in North Asia, emphasizing its contribution to GDP and employment. It analyzes key indicators such as connectivity and affordability, and explores the challenges and opportunities facing the sector, including infrastructure bottlenecks, technological innovation, and policy support. Finally, the report offers recommendations for promoting the sustainable development of the North Asian air transport industry.
To tackle peak season logistics pressures, Mercado Libre is piloting Mercado Envíos Extra in Brazil and Mexico, integrating independent delivery drivers to enhance its logistics capabilities in Latin America. This model aims to improve delivery efficiency, reduce logistics costs, and provide flexible employment opportunities for individuals. This initiative offers a valuable reference for other cross-border e-commerce platforms seeking to optimize their logistics networks.
The training program jointly conducted by Wuhan City College and Yihuo Cross-border E-commerce Training Base has successfully concluded. Through immersive training, students systematically learned platform operation, product selection analysis, and marketing promotion skills, achieving significant improvement in their capabilities. This university-enterprise cooperation model effectively enhances students' employment competitiveness and sustainable development ability, contributing to the talent pool for the cross-border e-commerce industry.
