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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 -43 in July (vs -24 prior, -9 expected (which Bloomberg consensus of only three analysts is broadly in line with)). This is the second consecutive monthly fall and weakest reading since April 2024.
- Volume of sales are expected to fall again next month although at a slightly slower pace than this months print (-32). This is following the ONS retail sales coming in weaker than expected in June.
- The CBI release states "retailers citing unfavorable weather conditions and market uncertainty" as key drivers for the weakness.
- The survey includes 131 respondents, of which 49 were retailers and was in field between 27 June and 17 July.
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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