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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.
US DATA
- Industrial production was slightly weaker than expected in April, unchanged on the month (cons 0.1).
- It does however follow some small net positive revisions: the downward revised 0.1% (initial 0.4) in March was offset by an upward revised 0.8 M/M (initial 0.4) in Feb.
- Manufacturing production was more disappointing though, at -0.26% M/M (cons 0.1) after net downward revisions, including a downward revised 0.16 (from 0.5) after an upward revised 1.37 (initial 1.2).
- The latest miss for mfg relative to overall IP came from utilities increasing a strong 2.9% M/M in April.
- Rounding out the report, capacity utilization came in at 78.4% as expected, down a tenth from an upward revised 78.5%. It’s starting to plateau at this level having trended lower from a high of 80.8% in Sep’22.
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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