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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.
ITALY DATA
Italian expected employment from the European Commission's (EC) June business survey fell 3.4 points to 104.2. This was the lowest reading since April 2021.
- Although still above the long-term average of 100, the gradual trend lower in expected employment could suggest limited further downside in the Italian unemployment rate going forward.
- All industries saw a fall in expected employment other than in construction, with the retail sector metric falling to 9.1 points (vs 16.7 prior).
- The unemployment rate is already at historically low levels (6.9% in April), with May data due next Tuesday.
- The EC survey indicated falling expected prices in the retail and services sectors, while industry expectations rose slightly.
- Both the EC and ISTAT (also released today) surveys showed slight improvements in consumer confidence, while overall business confidence softened.
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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