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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.
SWEDEN
The Swedish January manufacturing PMI was 47.1 compared to a downwardly revised 48.6 prior (the consensus of 49.5 comprised of three analysts). However, main focus will be on today's Riksbank decision at 0830GMT/0930CET.
- Policy rates are expected to be held at 4.00%, with more interest in any guidance changes and/or increases to the pace of QT. The decision will be followed by a press conference (in Swedish) at 1000GMT/1100CET.
- Our full preview is here.
- The dip in the PMI comes in contrast to this month's Economic Tendency Indicator manufacturing component, which rose to 99.3 (vs 95.1 prior).
- The internals of the PMI signalled a continuation of the weak demand outlook in Sweden, with new orders and production falling further into contractionary territory and inventories rising almost 7 points.
- Raw material prices fell to 45.0 (vs 46.9), while employment moderated a touch to 49.2 (vs 49.5 prior).
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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