Free Trial
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
- PMI data showed the Services sector slipping back into contraction, with the services PMI dropping to 48.7, the joint lowest since Jan'21.
- Weak demand remains a concern, with the release noting that sluggish new orders were a particular drag on the private sector. S&P Global pin this on weak domestic economic conditions as well as high borrowing costs among survey respondents.
- On inflation, the PMI data showed pressures continued to moderate across August, evident in the slowest pace of rise in input costs for two-and-a-half years. This fed into average prices charged - the slowest rate of increase in over two years.
- For manufacturing specifically, employment weakened, with excess capacity contributing to job shedding in the sector, contrasting with services that saw a marginal upturn in workforce.
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com
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.
We are facing technical issues, please contact our team.
ok
Your request was sent sucessfully! Our team will contact you soon.
ok