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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 much stronger than expected French services PMI (possibly inflated by Olympic-related effects) drove the Eurozone August flash services PMI to 53.3 (vs 51.7 cons, 51.9 prior). Meanwhile, the manufacturing PMI remained firmly in contraction at 45.6 (vs 45.8 cons and prior).
“Output growth actually picked up to a three-month high in August, hinting at stronger growth momentum. Other signals from the latest set of surveys were less positive, however”.
See below for additional key excerpts of performance excluding France and Germany:
- “The rest of the euro area continued to see output increase midway through the third quarter”.
- “Staffing levels were down in Germany and France, but rose elsewhere”
- “Reduced optimism was widespread, with confidence lower across Germany, France and the rest of the eurozone, as well as in both monitored sectors”.
- Overall output charge inflation accelerated despite an easing of input costs, though the release contains little else specific on ex-Germany and France price pressures.
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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