Free Trial
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.
DATA REACT
A variety of factors contributed to Italy's better-than-expected 62.3 reading for May Manufacturing PMI (vs 61.1 exp., 60.7 prior), from "surging" sales and strong output growth, and the strongest job creation data since the series began in 1997.
- From the IHS Markit release, on activity: "A strong boost to the headline figure in May came from the seasonally adjusted New Orders Index, which reached a series record peak and pointed to a rapid increase in order book volumes overall. According to panellists, more favourable economic conditions had led to improved client demand. Improved sales also came from foreign markets during May, as new export orders expanded at one of the steepest rates in the series history, with the upturn attributed by panellists to improved demand, particularly in the US and China."
- On the price front: "Inflationary pressures remained the principal concern in May, with input costs continuing to surge and firms raising their average charges to a series record degree as a result. Greater costs stemmed mostly from shortages and transport delays, with suppliers' delivery times again lengthening to a broadly unprecedented extent."
IHS Markit, MNI
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.
We are facing technical issues, please contact our team.
ok
Your request was sent sucessfully! Our team will contact you soon.
ok