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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.
ITALY DATA
June Italian Manufacturing PMI came in exactly in line with expectations at 62.2 (May: 62.3).
- From the IHS Markit release: "Key to the sustained upturn in June were further expansions of both new orders and output, with growth remaining rapid, despite slowing from their respective all-time and 40-month record rates. According to anecdotal evidence, improved client confidence, firmer demand conditions and the easing of lockdown measures were key drivers of the latest increases".
- Employers took on workers to meet the quickest rise in backlogs in series history - overall, supply chain pressures and other factors boosted inflation pressures, a common theme in recent months.
- From the report: "Shortages continued to push costs higher still during June, according to panellists, with the rate of input price inflation the strongest in the survey's history [going back 24 years]. Factory gate charges also rose, with the pace of increase slowing only slightly from May's record. Respondents noted that greater costs burdens had been passed through to clients where possible."
Source: IHS Markit, 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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