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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.
DATA REACT
Italian Services PMI rebounded into expansionary territory in May with an above-expected 53.1 reading (vs 52.3 survey, 47.3 prior). Highlights from the IHS Markit report:
- On new orders: Italy's service sector saw the first rise in new business for 3 months, with the rate of growth in new work the highest in over 3 years - but this was wholly domestically driven, with new export orders continuing to decline. Backlogs rose for the 2nd month in a row, to the fastest rate since June 2018.
- On employment: Employment stabilized (in part with firms taking on staff to "alleviate capacity pressures", a key shift compared with 14 consecutive months of contraction.
- On prices: Input costs rose to the highest since April 2012, and services firms responded by increasing average charges for the first time in nearly two years (at the quickest pace since January 2008).
- On the outlook: The sector saw the strongest positive sentiment for over 11 years.
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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