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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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Free AccessCANADA DATA: Manufacturing PMI Sees Firmer Price Pressures
- The S&P Global mfg PMI climbed back to 49.5 in August to reverse a slide to 47.8 in July after three months before that at 49.3-49.4.
- It leaves it technically at its highest since March but with the index last above 50 back in April 2023.
- The press release notes ocean freight shipping delays and "input cost inflation accelerated to its sharpest since April 2023, helping to drive the steepest increase in output charges for nine months."
- Going against the improvement in the overall index, "The lack of incoming new work and reduced production requirements meant firms cut their staffing levels for the second time in the past three months. The decline was also the steepest in 2024 so far, with reports of the nonreplacement of leavers and some concerns about the economic outlook leaving firms reticent to hire new workers. "
- Full S&P Global PMI press release here.
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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.