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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
- The S&P Global US preliminary May PMIs see a decent beat for the composite at 54.5 (cons 53.0) after 53.4 with a sizeable beat for services and miss for mfg.
- Mfg at 48.5 (cons 50.0) after 50.2. Lowest since Feb.
- Services at 55.1 (cons 52.5) after 53.6. Maintains highest since Apr’22.
- Mixed input costs: “Manufacturers recorded a fall in input prices for the first time in three years. Service providers continued to register a marked increase in cost burdens, albeit the rate of increase softening to the slowest for five months”.
- Resilient strong increases in service sector charges: “Output charges, however, continued to rise midway through the second quarter. The rate of charge inflation eased to the slowest for three months, though remained elevated by historical standards of the survey. Goods producers saw a notable slowdown in selling price inflation, with the rate of increase only marginal and the softest since July 2020, contrasting with resilient strong increases in service sector charges.”
- Full S&P Global press release here.
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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