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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
There have been only limited revisions to final July Eurozone inflation readings since the flash releases.
- This morning's data showed a tweak to the Italian July unrounded HICP printing 0.1pp below the flash estimate: The final HICP index was 119.9, compared to 120.0 in the flash print, leading to a 6.3% Y/Y outturn vs 6.4% previously recorded.
- Greece (whose stats agency only provides a final figure, out yesterday) was modestly higher than the Eurostat flash estimate of 3.4%, at 3.5%.
- German, Portuguese, and Dutch flash readings were confirmed - we get Spain and France on Friday morning and barring major surprises there should be little change to the Eurozone-wide data in the final print on Aug 18.
- This morning's ECB economic bulletin echoed MNI's Eurozone Inflation Insight which highlighted an increasingly evident slowdown in Services price momentum.
- The potential for further information on the services component including PCCI analysis is a key reason to pay attention to the final Eurozone July inflation data, which is the last set before the September ECB decision.
Source: ECB Economic Bulletin
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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