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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.
EUROZONE DATA
MNI (London)
EUROZONE JAN ECONOMIC CONFIDENCE 99.9 (FCST 97.0); DEC 97.1r
EUROZONE JAN CONSUMER CONFIDENCE -20.9 (=FLSH); DEC -22.1r
- Eurozone economic sentiment improved by 2.8 points in January, outpacing forecasts at 99.0 as economic uncertainty fades and future outlooks including softer inflation and demand recovery into 2023 improve.
- This was the fourth consecutive month of improvements, which were largely sector-wide barring the weakening in construction.
- Government energy bill support has helped drive improvements in consumers' outlooks (confirmed at -20.9), yet whether the January improvement in purchasing intentions feeds into higher consumer spending remains uncertain.
- Eurozone growth is currently forecasted to dip into a contraction at -0.1% q/q in Q4, with initial downside risks larger after the Germany miss.
- Eurozone economic sentiment signals initial signs of demand resurgence, which will be necessary if the bloc is to avoid recession. Yet as monetary tightening begins to filter into Q1 investment, this recovery is likely to be more muted than currently foreseen.
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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