MNI: PBOC Net Injects CNY28.8 Bln via OMO Thursday

MNI: PBOC Sets Yuan Parity Higher At 7.1854 Thurs; -1.13% Y/Y

MNI BRIEF: Ontario To Cut U.S. Energy Flows When Tariffs Hit

MNI: BRAZIL'S COPOM RAISES SELIC RATE BY 100BPS TO 12.25%

MNI BRIEF: US Budget Deficit $367B In Nov; FYTD Record $624B

MNI China Daily Summary: Wednesday, December 11

MNI:AUSTRALIA NOV UNEMPLOYMENT RATE +3.9%

MNI: US NOV TREASURY BUDGET -$366.8B

EZ/UK Bond Supply Calendar: BTP Auction on Thursday

MNI EXCLUSIVE: EU-Mercosur Deal Close, But Likely Short-Lived - Officials

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

MNI: US Data Forecast Focus: February ISM Mfg Index Seen 55.5> 

     WASHINGTON (MNI) - The ISM manufacturing index is expected to fall 
back to a reading of 55.5 in Febraury, according to an MNI survey, after 
sharp movements in the previous two months. Regional conditions data 
have suggested a mixed picture, but there is a tilt toward the upside 
after the MNI Chicago report. 
     Analysts sharply underestimated the January index after a large 
overestimate in the previous month. There have been underestimates in 
seven of the last 10 February reports, including five of the last six 
years and each of the last three years, so an upside surprise is a real 
possibility. 
Forecast:                Sep-18  Oct-18  Nov-18  Dec-18  Jan-19  Feb-19
 Median                    60.0    59.0    57.4    58.0    54.1    55.5
 Range High                60.5    60.0    58.3    58.3    55.0    57.5
 Range Low                 58.0    58.0    56.7    56.5    53.8    53.0
Actual result              59.8    57.7    59.3    54.1    56.6    #N/A
 Median-Actual              0.2     1.3    -1.9     3.9    -2.5    #N/A
Historical comparison:   Feb-13  Feb-14  Feb-15  Feb-16  Feb-17  Feb-18
 Median                    53.0    51.9    52.9    48.5    56.0    58.9
 Range High                55.5    53.0    54.1    49.5    58.0    59.3
 Range Low                 52.0    50.5    51.0    47.2    55.0    57.7
Actual result              54.2    53.2    52.9    49.5    57.7    60.8
 Median-Actual             -1.2    -1.3     0.0    -1.0    -1.7    -1.9
                         Sep-18  Oct-18  Nov-18  Dec-18  Jan-19  Feb-19
 MNI Chicago               61.5    59.4    63.5    63.8    56.7    64.7
 Phila. Fed Index          21.4    19.7    11.9     9.1    17.0    -4.1
 Empire State Index        18.8    20.0    21.4    11.5     3.9     8.8
 Richmond Fed Index          29      15      14      -8      -2      16
 Markit Mfg Index          55.6    55.7    55.3    53.8    54.9    53.7
--Kevin Kastner 202-371-2121; email:kkastner@mni-news.com
[TOPICS: MTABLE]
data-HeadlineHeadlineFixed Income BulletsForeign Exchange Bullets
data-HeadlineHeadlineFixed Income BulletsForeign Exchange Bullets
To read the full story
Close
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.