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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 (nowcast for EZ trend growth) rose to 0.29 in August (from 0.16 in July), after “employment growth and the overall improvement in household and business confidence more than offset the impact of industrial weakness”.
- The trend growth series strips out seasonal variations, measurement errors and short-run volatility, and has been in positive (albeit subdued) territory for the last six months.
- The increase comes despite a fall in Bloomberg’s GDP Nowcast in August to 0.04% from 0.10% in July (though Bloomberg’s indicator instead aims to estimate actual Q/Q growth, not trend growth).
- Eurozone Q2 GDP is expected to be confirmed at 0.3% Q/Q on Friday, with current Bloomberg expecting a similar 0.3% outturn in both Q3 and Q4 this year.
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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