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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
The level of nominal U.S. retail sales hit a new monthly record in January ($697.0bln on a SA basis) - and as noted above, with a +3.0% M/M gain vs +0.5% M/M CPI, it meant that a rough proxy of the level of "real" retail sales erased the drop in Nov and Dec.
- "Real" %Y/Y is still flat, but that's up from the contractions of the prior two months. See chart.
- Overall there is little to no evidence here for the consumer rolling over, with the strong control group number set to boost Q1 GDP estimates.
Source: Census Bureau, BLS, 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.
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