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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.
US DATA
- Industrial production surprisingly dipped -0.1% M/M in October (cons 0.1%) after a downward revised 0.1% M/M in Sep (0.4% initially), and with similar relative weakness when just looking at manufacturing.
- It offers a weaker perspective than the beat for retail sales just earlier, more in line with most recent weakness in core durable goods orders in Sept (-0.4% M/M, Oct released next week).
- The ISM mfg of 50.2 in October suggests potential further downside in 3M/3M trend rates to the +1.5% annualised in Oct - see chart.
- Capacity utilisation meanwhile also fell more than expected, at 79.9% (cons 80.4) from 80.1 (80.3 initially) although that’s only the lowest since June and remains historically elevated.
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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