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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
- US PMIs increased by more than expected for both manufacturing and services in the preliminary January report, but remained in contraction territory.
- Manufacturing increased from 46.2 to 46.8 (cons 46.0) whilst services more notably increased from 44.7 to 46.6 (cons 45.0). The outright level of the service PMI remains lower than ISM services despite the latter's sharp decline back in December.
- On a composite basis: "The contraction in activity was solid overall, but the slowest since last October. [...] At the same time, new orders across the private sector declined for the fourth successive month in January. The fall in new business was modest overall, and eased to the slowest for three months."
- Higher input price pressure, same rate of increase for selling prices: "Bringing to an end a seven-month sequence of moderating input price rises, January data indicated a faster increase in cost burdens at private sector firms. [...] Nevertheless, the rate of output charge inflation at private sector firms was unchanged from that seen in December 2022. January data signalled a solid uptick in selling prices, but one that was the joint-slowest since October 2020."
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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