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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.
EUROPEAN DATA
MNI (London)
UK: all July flash PMIs marginally stronger than expected, still weaker than in June.
- UK PMIs remained around 52-53 and in expansive territory, stronger than Euro area prints. These were still substantial lows, as services fell to a 17-month low and manufacturing to a 25-month low. Manufacturing output contracted for the first time since May 2020).
- Moderate increases were seen in new order volumes, signalling relatively robust demand for services, however manufacturing demand weakened significantly.
- Inflation: Input inflation saw considerable easing at a 10-month low. Prices charged eased to the slowest increase since January as demand softened.
- Employment: Employment rose further, however job creation slowed to a 16-month low due to labour shortages and concerns regarding future growth outlooks.
- Expectations: Outlooks saw modest improvements from the 25-month low seen in June. Manufacturing outlooks were downbeat at 1 26-month low.
US data is due at 1445 BST and expected to see services hold steady at 52.7 and a modest softening to 52.0 for manufacturing.
Source: MNI / Bloomberg
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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