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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
- Further to the surprise strength in various core PCE metrics, both personal spending and core durable goods were stronger than expected.
- Real consumer spending increased 0.5% M/M in April (cons 0.3) after an unrevised 0.0% in March, in continued contrast to calculated real retail sales falling -0.2% M/M in April and -0.3% in March when deflating by CPI goods prices.
- Core durable goods orders meanwhile saw a larger beat again, rising 1.4% M/M (cons -0.1%) after a upward revised -0.6% (initial -1.1%).
- Core shipments, with its more direct impact into GDP data, saw a smaller beat with 0.5% (cons 0.1) after an upward revised -0.2% (cons -0.5%) but the combination nevertheless supports a latest push nudge higher in industrial production.
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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