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.
GLOBAL
Global manufacturing activity slipped into contraction in September, with the JPM Global PMI falling to 49.8 - the first sub-50 reading since June 2020. The sub-categories showed a continued contraction in new orders, production, and backlogs, and falling international trade.
- While well off the heady pace of 2021 or even early 2022, US manufacturing has held up better than its counterparts, and actually accelerated slightly in September vs August. Meanwhile, Eurozone and China PMIs were below 50 for the 2nd consecutive month.
- So while the ISM PMI and MNI Chicago Business Barometers have disappointed in the past week, the US manufacturing sector still looks like one of the healthiest in what appears to be a broader global contraction.
- However, expect US activity to be dragged down by broader global weakness in the months ahead.
Source: JPM, S&P Global, 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