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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
- The average supplier delivery time in regional Fed manufacturing surveys was near unchanged in December, at -6.6 after -6.4, as delivery times continued to decline on a M/M basis.
- It leaves it close to the -8.0 averaged through 2023 as a whole, far below the +8.6 averaged through 2017-19 in supply chain pressures have eased considerably.
- Expected delivery times over the next six months meanwhile increased from -12.9 to -4.7, the highest since May 2022 which better chimes with the increase in the NY Fed’s Global Supply Chain Pressure Index (GSCPI) over recent months.
- This GSCPI increased further from -0.4 to +0.1 standard deviations above average in November, the first positive reading since January.
- The uptick in expected delivery times has come with a sharp increase in Baltic Dry shipping costs, which surged higher into early December and despite pulling back somewhat are still at some of the highest they’ve seen in 2023.
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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