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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.
ITALY DATA
The Italian July services PMI printed at 51.7 (vs 52.9 cons, 53.7 prior). This represented the slowest rate of expansion seen since January this year, although the metric still logged a 7th consecutive month of expansion.
Company margins remained under pressure as firms struggled to pass-on increased cost pressures to consumers, contrasting with findings in the Spanish release.
Key notes from the release:
- “Where higher activity was recorded, firms attributed this to improved demand conditions and an influx of new customers”.
- “Jobs growth was sustained for a ninth successive month, but the rate was the slowest since March and moderate”.
- “July data also signalled the fiftieth consecutive month of increased input prices. Inflated staffing, fuel and raw material costs were mentioned in anecdotal evidence”.
- “Firms in the Italian services economy were less aggressive in their price setting in July”
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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