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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.
GERMAN DATA
MNI (London)
GERMANY OCT FLASH SERVICES PMI 44.9 (= FCST); SEP 45.0
GERMANY OCT FLASH MANUFACTURING PMI 45.7 (FCST 47.0); SEP 47.8
GERMANY OCT FLASH COMPOSITE PMI 44.1 (FCST 45.5); SEP 45.7
- German PMIs dipped further into contractive territory in the October flash data, with manufacturing seeing a steeper decline as new orders dropped. October saw the fourth consecutive month of contraction.
- Highlights from the press release:
- "Business activity fell for the fourth month running and at an accelerated rate, amid reports of the detrimental impact of high energy prices on both business costs and demand."
- "Firms’ expectations remained deeply negative, reflecting concerns over persistently strong inflationary pressures, rising interest rates and the prospect of a recession."
- "Manufacturing confidence fell notably."
- "Further broad-based rise in employment as firms continued to fill vacancies. The rate of job creation even ticked up slightly."
- "Rate of inflation remained historically elevated but ticked down from September’s three-month high."
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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