MNI EXCLUSIVE: EU-Mercosur Deal Close, But Likely Short-Lived - Officials

MNI: UK NOV FINAL MANUF PMI 48.0 (FLASH 48.6); OCT 49.9

MNI: EUROZONE NOV FINAL MANUF PMI 45.2 (FLASH 45.2); OCT 46.0

MNI: PBOC Net Drains CNY216 Bln via OMO Monday

MNI: PBOC Sets Yuan Parity Lower At 7.1865 Mon; -1.50% Y/Y

MNI: China CFETS Yuan Index Up 0.01% In Week of Nov 29

MNI: EUROZONE OCT UNEMPLOYMENT RATE 6.3%

MNI: GERMANY NOV FINAL MANUF PMI 43.0 (FLASH 43.2); OCT 43.0

MNI: FRANCE NOV FINAL MANUF PMI 43.1 (FLASH 43.2); OCT 44.5

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

MNI EXCLUSIVE: German Turmoil Dashes EU's Joint-Funding Hopes -Officials

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

DMP data mixed - September hike still looking likely

UK DATA
  • Mixed Decision Maker Panel data for August with expected wage growth and expected price growth both falling - but realised wage growth picking up a little further. However, overall this will probably be an encouraging report for the MPC, but in our view won't be enough to stop a September hike, and definitely keeps November on the table, too.
  • The expected wage growth over the next year in the August dataset fell marginally from 4.995% to 4.979%, another new low since the series was restarted in May 2022. The 3-month average fell to 5.1% from 5.2% and continued its decline from a peak of 6.0%.
  • However, the realised wage growth over the past year increased to 6.9% from 6.7% in July, but below the 7.1% in June. The 3-month average ticked up again marginally to a new high of 6.886% from marginally from 6.846% in July and 6.820% in June.
  • Recruitment difficulties got a little harder than in July but expected employment growth fell (although remaining in positive territory).
  • Firms' mean expected own price growth for the next year fell to 4.4% from 5.5% on the single month metric, the lowest since October 2021. The 3-month average fell to its lowest level since February 2022 at 4.9% (5.2% prior). The MPC will be encouraged by this.
  • 3-year ahead CPI expectations fell back further to 3.2% from 3.3% in July from 3.7% in June (another new low since the series began in May last year).
DataHomepagemarkets-real-timeData BulletBulletMarketsFixed Income BulletsForeign Exchange Bullets

To read the full story

Close

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.