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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
MNI (London)
US FLASH FEB MFG PMI 57.5; JAN 55.5
FLASH FEB SERVICES PMI 56.7; JAN 51.2
FLASH FEB COMPOSITE PMI 56.0; JAN 51.1
- The February flash PMIs were significantly stronger than consensus forecasts across the board.
- The largest upside surprise came from services, which climbed 5.5 points from January. Labour shortages associated with absenteeism eased significantly.
- Manufacturing strengthened by two points to 57.5 in February, 1.5 points stronger than the forecast.
- A rebound in demand following omicron-induced restrictions boosted growth in private sector output according to the flash data for February, despite a record rise in prices charged. New business increased the fastest in seven months.
- Bottlenecks in the manufacturing industry continued to dampen growth, albeit shortages and supply-chain disruptions carried less significance than previous months.
- Chief Business Economist at IHS Markit Chris Williamson noted "with growth rebounding sharply amid resurgent demand, and price pressures rising again to an all-time high, the survey will add to expectations of a more aggressive policy tightening by the FOMC"
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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