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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
MNI (London)
- In this morning's Eurozone flash PMIs, February prints were significantly stronger than the consensus forecasts.
- French services rose to a 49-month high of 57.9, outpacing the 54.0 forecasted and jumping 4.8 points from January.
- French manufacturing strengthened to a seven-month high of 57.6, up 2.1 points from the January print and February forecast which expected growth to remain unchanged.
- German manufacturing disappointed in the flash estimate at 1.3 points weaker than January and the consensus forecast. However, new orders were strong and supply chain bottlenecks and pressures notably continued to ease.
- Services were significantly stronger than predicted, rebounding to a six-month high of 56.6, up 4.4 points from January and 3.5 points stronger than expected.
- The Eurozone composite print also beat forecasts, growing 3.5 points from January. Overall, prices continued to rise at record rates, however, strong demand, easing Covid restrictions, accelerated private-sector output and supply chain pressures underpinned strong growth.
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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