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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.
FRANCE DATA
Ahead of this morning's flash PMIs, the French business confidence indicator from INSEE weakened to 98 (vs 99 prior), with the rise in manufacturing sentiment more than offset by falls in the services and retail components.
- Manufacturing sentiment index rose to 100 in February (vs a downwardly revised 98 prior). This was driven by an improvement in past production (from -8 in Jan to 0 in Feb).
- Looking at the sub-components of the manufacturing print, overall order books improved in February but the reading remained in negative territory. Expected future employment declined to +3 (vs +6 in December and Jan) and the general production outlook worsened a touch to -8 (vs -7 in January).
- The survey asks respondents for factors that are currently limiting production. In February, the proportion of companies reporting insufficient staff as a limiting factor rose sharply to +20 (vs +14 in Jan), but this measure remains below late ’23 levels.
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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