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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.
UK DATA
MNI (London)
UK FLASH FEB SERVICES PMI 60.8; JAN 54.1
FLASH FEB MFG PMI 57.3; JAN 57.3
FLASH FEB COMPOSITE PMI 60.2; JAN 54.2
- UK PMI flash readings for February were all stronger than the consensus predictions, following earlier EZ data.
- Services accelerated substantially to an eight-month high, jumping 6.7 points to 60.8 in February and significantly outpacing the forecast of 55.5.
- Manufacturing remained at the January level, coming in slightly stronger than the anticipated deceleration of 57.0. Supply chain pressures were seen easing and raw material shortages were less severe.
- Private sector growth was the key driver of recovery, with the impact of the Omicron wave subsiding and consumer spending rebounding as a result.
- The manufacturing sector saw price pressures ease, however, service firms saw continued inflation in operating costs.
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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