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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.
SPAIN DATA
MNI (London)
SPAIN JAN MANUF. PMI 48.4 (FCST 48.0); DEC 46.4
- Spain's manufacturing PMI signalled a shallower downturn in January, increasing two points to 48.4. The indicator has been contractionary since July '22.
- The decline in New Orders and Production eased substantially, as muted demand showed tentative signs of recovery. The focus will now be on whether demand begins to grow again in coming months.
- Improved economic outlooks allowed optimism to strengthen and employment levels to stabilise.
- Input and lowing price inflation moderated to the slowest pace in two years. This implies further declines in factory-gate inflation which should feed into lower headline CPI. In December PPI ex-energy eased for a sixth consecutive month, down 1.1pp at +11.1% y/y. Despite a lagged effect, this is a positive sign for easing core CPI in the eurozone in months to come.
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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