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.
US DATA
- The S&P Global US manufacturing PMI was revised down from an initial 48.2 to 47.9 (cons 48.4) in the finalized December reading, for a larger than first thought decline from 49.4 in November.
- It leaves it at August’s level but still off lows of just over 46 in both Jun’23 and Dec’22.
- From the press release: “Output fell at the fastest rate for six months as the recent order book decline intensified”, with manufacturing likely have acted as a drag on the economy in Q4.
- A contributor was “a sharper fall in new orders during December. The decrease in sales quickened and was the fastest since August. Many companies stated that weak client demand stemmed from lower purchasing power at customers and global economic uncertainty. External demand conditions also faltered, as new export orders [just about] returned to contraction territory.”
- “Inflationary pressures intensified, meanwhile, as cost burdens rose at a sharper pace and selling prices increased at the quickest rate since April.”
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