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.
The CPB global data for April showed that the deterioration in trade and production growth appears to have stopped in line with the S&P Global PMI. They are now moving sideways with global IP posting slight growth of 1.4% y/y after 0.7% in March. Trade is stagnating falling 0.8% y/y after rising 0.8% y/y. However, it is concerning that both are losing momentum and IP has posted monthly falls for two consecutive months. The May manufacturing global PMI was steady at 49.6 for the third consecutive month, signalling a slight contraction in industrial activity but there shouldn’t be a material deterioration in the months ahead. Services are driving growth with the global services PMI at 55.5.
Global growth
Source: MNI - Market News/Refinitiv/Bloomberg
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.