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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.
NORWAY
We don’t think the recovery in 3m/3m manufacturing industrial production will have a material hawkish input on the Norges Bank’s policy rate outlook, with inflation and the exchange rate still key to the reaction function.
- Although manufacturing industrial production fell 1.1% in August, the seasonally adjusted 3m/3m series rose for a second consecutive month to 2.2% (vs 1.7% in July and -0.7% in August).
- This is consistent with the manufacturing PMI remaining in expansionary territory through this year, and the uptick in industrial confidence in Statistics Norway’s Q3 business survey.
- Headline industrial production – which includes the extraction and related services industries- also fell 1.1% in August but rose 6.0% compared to August 2023. On a 3m/3m basis, production was 5.0%.
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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