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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
US DATA
MNI (London)
This month the Chicago PMI special question asked firms “Do you see the prospect of slowing global / U.S. growth impacting demand for your product?”
- Responses were significantly varied, over a third (34.9%) expected a downturn, the same as expecting unchanged demand. Meanwhile, 16.3% of respondents were already seeing a notable downturn.
- Despite New Orders seeing some recovery, the indicator stayed below the 12-month average as demand remained muted in August.
- US GDP contracted by -1.6% q/q in Q1 and by -0.6% q/q in Q2, entering a technical recession led by a fall in inventories and business investment as high inflation crimps growth looking forward. The Chicago PMI report confirms changes in investment plans will likely occur, leading to subdued activity through the second half of the year.
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
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