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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.
SPAIN DATA
The Spanish manufacturing PMI remained in expansionary territory in June at 52.3, but was slightly weaker than consensus (52.9) and May’s reading (54.0).
Although input costs accelerated in June, competition amongst manufacturers limited passthrough. Additionally, the report notes that political uncertainty (likely from neighbouring France), served to limit some new business.
Key notes from the release:
- “Panellists noted higher demand from clients, with sales supported by positive commercial campaigns – both at home and abroad. Political and economic uncertainty did however serve to limit overall new business wins, according to panellists”.
- “Companies recruited additional workers to serve both current and expected production”.
- “Average lead times deteriorated”… “due to a mixture of low stock at suppliers and ongoing shipping delays through the Suez Canal”.
- “Sharp and accelerated increase in input prices”… “steepening shipping costs, plus rising prices for materials like copper, steel, paper, and cardboard”.
- “Efforts to pass on higher costs to clients were generally limited however by market competition”.
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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