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Below is NOAA’s monthly update of the solar cycle, posted by them on August 7. It shows the Sun’s sunspot activity in July, with annotations.
The graph above has been modified to show the predictions of the solar science community. The green curves show the community’s two original predictions from April 2007, with half the scientists predicting a very strong maximum and half predicting a weak one. The red curve is their revised May 2009 prediction.
As expected, there was a recovery in sunspot activity in July compared to June. Also as expected, the recovery was not significant, so that it appears, based on the past two months, as if the ramp down to solar minimum is accelerating so that solar minimum will occur sooner than expected, possibly as soon as two years.
I would not put much stock on that prediction, however. When sunspot activity first reached this level during the past solar cycle in late 2005, it still took three more years before solar minimum was reached. If this cycle matches the last, that would mean that this cycle, from minimum to minimum, will have lasted 10 years, making a short solar cycle though not one of the shortest. However, it is more likely that the ramp down will stretch out, as it usually does, gliding downward to solar minimum in a slow gentle curve that makes for a full cycle of about 11 years.