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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)
The Chicago Business BarometerTM, produced with MNI, asked firms "Are you managing to pass the higher costs of doing business onto customers?
- 30% of respondents were able to pass on higher costs, whilst the vast majority (60%) were able to do so partly. 10% of firms were unable to charge higher prices to account for rising costs.
- Compared to previous results over the past twelve months, firms have been increasingly able to charge higher output prices in order to share the burden of higher costs.
- US factory-gate inflation peaked at +11.7% y/y in March and since eased to +8.0% y/y in October. This generally feeds through into CPI at a lag.
- As demand weakens against a backdrop of high inflation and more pessimistic growth outlooks, demand elasticity increases. Firms will face greater difficulties in moving product at increasingly higher prices, which should feed into a deflationary impact on price levels.
- The November data implies that this mechanism has not yet come into effect. MNI will closely monitor changes in upcoming months.
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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