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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.
GLOBAL
The OECD's latest set of Composite Leading Indicators released today showed further signs of below-trend growth later in 2022 and early 2023.
- OECD countries in aggregate saw their fourth consecutive month of below-average (below 100) economic momentum vs long-term trend, with the cyclical peak having been hit in July 2021.
- The OECD's leading indicators lead moves in economic activity by 6-9 months. The chart below shows that while global activity has come off the peak, the drop in the LEI to the lowest level since Nov 2020.
- The current measures are consistent with swiftly cooling global activity by the end of this year and into next year.
Source: OECD LEI, Dallas Fed Activity Index, 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.
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