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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.
SPAIN DATA
Spain’s services PMI printed at 49.3 in August, lower than the consensus 51.5 and the 52.8 seen in July. This is the first contractionary reading since October 2022. Key notes from the release are:
- "Conditions were especially weak in terms of foreign market demand. August data signalled a renewed drop in new export business that was the most pronounced in ten months."
- "Firms responded to lower inflows of new work by slowing the pace at which they raised their headcounts."
- "Input costs rose for the thirty-ninth successive month […] having re-accelerated from July, the pace of increase was the sharpest in three months. Reports of escalating wage pressures remained widespread amongst panel members."
- "The rate of selling price inflation continued along its current downwards trajectory and reached its lowest level in close to two years."
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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