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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.
EUROZONE DATA
MNI (London)
EUROZONE MAR CONSTRUCTION -2.4% M/M, -1.5% Y/Y
- Eurozone construction production contracted by -2.4% m/m in March. Germany accounted for the bulk of the downwards contribution, contracting by -4.6% m/m.
- In aggregate, Q1 construction grew by +0.3% q/q, boosted by robust growth in January and February.
- Outlooks for the euro area construction sector remain bleak, with the eurozone construction PMI having remained in contractive territory for 12 months.
- Rising interest rates are squeezing demand in the sector, with April PMI data flagging a continued decline in new orders, whereby housing represents the largest drag.
- The S&P Global PMI is looking for a Q2 decline.
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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