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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 FEB TOTAL DISTR REPORTED SALES -12; JAN -22
UK CBI FEB RETAIL REPORTED SALES +2 (FCST -10); JAN -23
- February sales were less weak than anticipated in the UK CBI Distributive Sales Survey, with sales growth largely flat.
- Sales are projected to fall again in March and retailers expect to reduce employment levels again in Q1, however outlooks are becoming less pessimistic.
- Retail selling price inflation eased slightly further in February.
- This data follows the modest uptick in January national retail data, which saw sales boosted by discounts. A continuation of the discounting trend will be positive in reducing inflationary pressures.
- Low consumer confidence, high inflation and mortgage rates continue to dampen spending appetite. Lacklustre spending outlooks remain a concern for the BOE but in line with projections.
Souce: 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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