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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
UK CBI volume of sales reported fell faster than expected to -24% in June (vs +8% prior, -4% expected), reversing the modest growth in May and making it the second lowest reading since January 2024.
- Volume of sales are expected to fall again next month although at a slower pace than this month's print (-9%). This is following Official ONS retail sales coming in firmer than expected in May.
- The fall in volume of sales was driven by a fall in volume of internet sales which printed -45% (vs -6% prior).
- CBI Interim Deputy Chief Economist stated "Unseasonably cold weather in June may have played a role, but it’s notable that internet retail sales fell sharply in our survey, too."
- The survey includes 139 respondents, of which 58 were retailers.
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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