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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 DISTRIBUTIVE TRADES SALES VOL NOV -19 (FCST 2); OCT +18
UK CBI DISTRIBUTIVE TRADES SALES VOL EXPECTED DEC -21
- November proved to be a bleak month in retail, with sales falling at -19% (vs the surprise +18% in October). December sales are anticipated to fall at a slightly faster pace.
- CBI continued to report sales volumes as broadly average and largely expected to remain average, despite business pessimism remaining markedly pessimistic.
- This coincides with consumer confidence hovering around historic lows, as high energy, food and mortgage prices continue to squeeze disposable incomes and consumer demand.
- The report flagged a renewed slowing in employment growth as well as a sharp fall in anticipated investment, which slumped to the greatest extent since the 2020 pandemic onset.
- As such, retail outlooks headed into 2023 remain gloomy and will likely be a drag on growth.
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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