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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.
EUROPEAN DATA
MNI (London)
European flash PMIs for September were very downbeat, with the downturn in manufacturing driven by persistently high inflation and falling new orders. This is due to waning demand against a backdrop of economic uncertainty.
- Energy concerns have intensified, with mainland Europe citing fears of shortages heading into the winter months and possible disruptions to production.
- New orders have fallen for a few consecutive months now as businesses factor in low demand into year-end. Overseas demand is seeing sharp drop-offs, especially in France and the UK.
- Supply chain pressures are showing signs of easing, accelerated by lower supply demand. Fewer shortages and improvements in logistics were cited.
- Prices intensified again in the eurozone, nearing the March peak in France. Germany noted little change in September, whilst in the euro area the rate of price increases was the fastest since June. Energy costs were cited as the key factor.
- On the other hand, the UK recorded easing price pressures with the rate of input cost inflation moderating to a 12-month low. Prices remain historically high. The UK index saw a marginal uptick but remains contractionary.
- Outlooks have deteriorated markedly to early pandemic lows, led by Germany, to early pandemic lows.
Source: MNI / Bloomberg / S&P Global
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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