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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.
SPAIN DATA
MNI (London)
MNI: SPAIN AUG MANUF. PMI 49.9 (FCST 48.5); JUL 48.7
- Spanish manufacturing stagnated in August, improving slightly on the July contraction and coming in 1.4 points stronger than anticipated.
- Despite output improving, the continued decline in new orders alongside job losses highlights waning demand and underscores recessionary fears.
- Despite the economy grappling with inflation in excess of 10% since June, the survey notes a downwards trend in PPI.
- The Italian manufacturing PMI is due at 0845 BST and likely to soften to 48.1. Final prints for France, Germany, the Eurozone and UK are also all due this morning. The ECB will be closely watching PMIs for signs of further slowing ahead, however remain expected to hike 50/75bp on September 8.
Source: S&P Global
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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