Free Trial
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)
The second Chicago PMI special question asked "To what extent do you see new orders growing in the next six months?"
- The majority of firms were anticipating moderate growth (35.7%), whilst 23.8% were expecting little growth. 19.1% of respondents saw unchanged new order growth over the next six months, whilst over one fifth (21.4%) were preparing for a small decline.
- The August survey saw a recovery in new orders, reversing the June/July dive, however, outlooks remain muted in the manufacturing industry. The ISM manufacturing report on business confirmed a division of expectations.
- US July factory orders are due on Friday and are anticipated to see modest 0.2% m/m growth, following the strong June +2.0% m/m growth.
- Looking forward, the decrease in global commodity prices will improve profitability for firms, however, with economic uncertainty remaining high this will likely do little to reinvigorate demand.
Source: MNI / Bloomberg
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.
We are facing technical issues, please contact our team.
ok
Your request was sent sucessfully! Our team will contact you soon.
ok