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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.
SWEDEN
Swedish services PMI printed at 49.5 in May (vs 48.0 prior), while the composite PMI moved back into expansionary territory, hitting 50.8 (vs 49.1 prior).
- The composite PMI was aided by the strong manufacturing PMI release seen on Monday.
- There was a sharp moderation in the growth of services input prices, which moved to 54.2 (vs 61.2 prior). This represented the slowest rate of expansion in that sub-index since June 2023.
- New orders and production both moved into expansionary territory in May, though the employment component softened to 47.6 (vs 51.8 prior).
- Although we place more weight on the Economic Tendency Indicator’s signals, the moderation in the PMIs pricing component supports the idea of continued disinflation in Swedish services over the next few months.
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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