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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 CBI JUNE REPORTED SALES BALANCE -5.0% VS MAY -1.0%
UK CBI JULY EXPECTED SALES BALANCE -2.0%
- The CBI distributive trades report saw a small dip in sales reported in June, implying no growth in sales volumes in Q2. Retail was again below levels seen in June 2021.
- Inventory levels remained high, as firms struggled to push through stock. As consumer demand wanes on the back of soaring inflation, expected sales are anticipated to remain flat. The downturn in consumer spending generated upstream effects, with wholesale sales stagnating as retailers factor weak growth outlooks into sale volumes in upcoming months.
- The motor industry saw "good" sales volumes in June, however, this is expected to soften again next month.
- The latest CBI report precedes the official May retail sales data, due June 24 , which is anticipated to see a further 4.5% y/y contraction.
Source: CBI
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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