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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
- ISM mfg was as expected at 46.9 (cons 47.0) after 47.1.
- However, it masked prices paid sliding from 53.2 to 44.2 (cons 52.3) for the lowest since Dec'22 and with the -9pt decline the sharpest monthly drop since Jul'22.
- New orders also showed further weakness, falling 3.1pts to 42.6 (no cons), which aside from January’s 42.5 is the lowest since May’20.
- With the inventories component only dipping 0.5pts, the NO-Inventories measure fell back to -3.2 although it remains off lows of -7/8 at the turn of the year that really signalled a further move lower in overall manufacturing which has since transpired in trend terms.
- Going against this, the employment series saw its highest figure since August as it increased 1.2pts to 51.4.
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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