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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
Eurozone PPI for November remained in deflation for the seventh successive month, although the energy component saw another increase in the Y/Y rate for the second consecutive month due to base effects, as we noted in our preview. This pushed the Y/Y PPI figure to -8.8% Y/Y (vs -9.4% Y/Y prior, -8.6% Y/Y consensus).
- The energy component remained in deflation at -23.7% Y/Y, up from the cycle trough of -31.2% Y/Y in September although it saw its first decline M/M since July 2023, printing -0.8% M/M.
- Elsewhere, Capital goods, durable and non-durable consumer goods PPI all saw falls in their Y/Y rates, continuing to suggest further downside pressure on non-energy industrial goods CPI in the coming months.
- Whilst, intermediate goods PPI remains at October 2023 rate in deflation at -5.3% Y/Y.
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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