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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
- Softer than expected AHE growth of +0.31% M/M in April was partially offset by an upward revision to +0.47% M/M in March.
- The non-supervisory measure saw a broadly similar +0.37% M/M in what’s been a clear slowing to a 3mma of 0.31% M/M after 0.56% in the preceding three months.
- Details get confusing. Total AHE shows a drag from services on solid declines in retail (-0.44%) and utilities (-0.64% but volatile). Retail is noteworthy being the largest decline since Oct’20 and Dec’16 before that when looking beyond pandemic disruption.
- Conversely, the small acceleration on the month in non-supervisory AHE was led by services (and with retail holding steady at a subdued +0.15% M/M).
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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