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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.
US DATA
US services PMI was 50.1 (vs 50.2 flash; 50.5 prior). The composite print was 50.2 (vs 50.1 flash; 50.2 prior). Key notes from the release are:
- "September data indicated a continued decline in new business at service sector firms"…"lower new orders were reportedly linked to weak domestic and foreign client demand".
- "Alongside efforts to clear backlogs, firms noted that greater workforce numbers on the month were often due to the replacement of previous voluntary leavers".
- "Input costs rose at a further marked pace, with the rate of inflation similar to that seen in August"…"higher energy, fuel, wage and food costs drove the latest increase in business expenses".
- "In line with another substantial uptick in cost burdens, service providers hiked their selling prices in September".
- "Service sector businesses expressed positive expectations regarding the outlook for output over the coming year".
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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