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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.
EUROZONE DATA
The Bank of Italy’s Euro-coin indicator, which provides a nowcast for Q/Q Eurozone trend growth (i.e. excluding seasonal variations, measurement errors and short-run volatility), fell slightly to 0.16 in June, from 0.18 last month.
- The indicator has nonetheless printed in positive territory for the last 4 months, signalling an ongoing (albeit gradual) recovery in the region’s economic activity.
- However, yesterday’s June final manufacturing PMIs confirm that activity in the industrial sector remains soft.
- The decline comes after Bloomberg’s GDP Nowcast (which aims to estimate actual Q/Q growth) rose to 0.29% Q/Q in June (from 0.25% prior).
- Current Bloomberg consensus sees Q2 Eurozone GDP growth at 0.25% Q/Q.
- The first estimate of this figure will be released at the end of this month.
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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