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.
The global PMIs in May were steady and indicated that the global economy continues to grow. The composite PMI rose to 54.4 from 54.2, its highest since November 2021. It is well off the November 2022 low of 48. Growth is being driven by the services sector (May PMI 55.5), whereas manufacturing continues to see activity contract slightly. The manufacturing PMI was 49.6 for the third consecutive month. It is pointing to lacklustre global IP and merchandise trade over the months ahead but on the Brightside, the slowdown has probably reached a trough. April CPB global trade data is released on June 23.
Global composite PMI
Source: MNI - Market News/Bloomberg
Global growth
Source: MNI - Market News/Refinitiv/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.