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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.
NORWAY
A strong employment reading helped the Norwegian Manufacturing PMI to 51.7 (vs an upwardly revised 50.1 prior). NOK saw limited reaction to the release itself, but outperforms the G10 on the day owing to the firmer crude backdrop noted earlier.
- Employment was the only sub-component that printed above 50 in December, at 53.8 (vs 53.1 prior). "With the exception of July, this sub-index has been higher than 50 since September 2020".
- However, new orders rose markedly to 49.8 (vs 46.5 prior), while production fell almost 1 point to 49.9 (vs 50.8 prior).
- Prices paid rose 0.5 points to 57.6, due to higher prices associated with the currency, electricity and gas, while "some point to the fact that the krone's weakening over the past year, together with falling demand, has resulted in greatly reduced profitability".
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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