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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.
US DATA
S&P Global service and composite PMIs were revised down in the final January print. Within the details, only a marginal rise in services output prices led to the weakest increase in overall charge inflation since May 2020. Full release here.
- Services: 52.5 in Jan final (flash 52.9) from 51.4 in Dec
- Composite: 52.0 in Jan final (flash 52.3) from 50.9 in Dec
- "An expansion in service sector output counteracted a decrease in manufacturing production."
- "The rise in new business was broad-based, however, as manufacturers and service providers saw a moderate increase in client demand. The rate of growth was the quickest in seven months, despite being weighed down by a second successive monthly drop in new export orders."
- "Cost burdens faced by firms rose at a softer pace compared to December, and one that was slower than the series trend. Although manufacturers recorded a faster uptick in selling prices, only a marginal rise in services output prices led to the weakest rate of overall charge inflation since May 2020."
Source: S&P Global
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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