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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 first (Spain and Italy) and final (France, Germany & EZ) prints for November PMIs were weaker than initial flash estimates, yet remain an improvement on October's two-and-a-half-year lows.
- All major eurozone economies again recorded values under 50, signalling three to five consecutive months of manufacturing contractions.
- Sharp falls in new orders spilled over into weak production levels as clients remain hesitant due to prevailing economic uncertainty.
- The fall in new orders has been exasperated by firms still holding high inventory levels (a lasting response to global supply chain issues since the pandemic onset).
- Yet the slowing in demand is having one positive effect: weak output inflation. This adds to cautious optimism that eurozone inflation is beyond the peak.
Source: MNI / Bloomberg
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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