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.
EUROPE
Swedish PMI tends to be a useful leading indicator for manufacturing and trade activity in the broader Europe region. The overall PMI has been pointing to weakness in eurozone PMI figures, as confirmed by this morning's final figures.
- Looking at the difference between the Swedish PMI New Orders and Inventories subindices (capturing a potential excess in built-up inventories versus incoming orders and thus a slowdown in actual activity ahead), the June Sweden PMI report out this morning points to severe contraction in eurozone manufacturing into the early autumn at least (see chart).
- While this indicator appears to be stabilising at very contractionary levels, it hasn't shown signs of rebounding yet.
Source: Swedbank, Eurostat, BBG, MNI
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