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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.
UK DATA
MNI (London)
UK NOV FLASH MANUF PMI 46.2 (FCST 45.8); OCT 46.2
UK NOV FLASH SERVICES PMI 48.8 (FCST 48.0); OCT 48.8
- UK services and manufacturing PMIs were unchanged in November, both remaining in contractionary territory. This implies four consecutive months of contractive private sector growth and signals negative growth in Q4.
- New orders plunged at the fastest rate since the 2020 pandemic shock, signalling a further drop in demand as inflationary pressures cut into firms' spending capacities. The contraction in export order books reflected weakening global demand conditions.
- Whilst services saw a modest increase in staffing levels, manufacturing cut employment by the fastest rate since October 2020 due to work shortages.
- On a positive note, price growth cooled marginally and business expectations rebounded (albeit largely due to fewer concerns regarding domestic political uncertainty). Supply pressures also eased, supporting production.
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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