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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 MAY REPORTED SALES -10 (FCST 10); APR +5
UK CBI EXPECTED SALES FOR JUN 0
- The CBI Distributive Trends survey signalled a decline in sales in May, yet retailers expect sales to stabilise in June. Overall sales were seen as "disappointing" for the time of year.
- Persistently high inflation alongside a three-month streak of declining retail employment were cited as key headwinds facing the UK retail industry at present, whereby employment in the sector fell at the fastest pace since February 2009.
- Overall business conditions are seen improving modestly in the next three months.
- Consensus is forecasting a small improvement in April retail sales due tomorrow to +0.3% m/m (+0.4% ex fuel), largely in line with the CBI's April report.
- The May GfK consumer sentiment indicator posted a fourth consecutive improvement, albeit remains firmly in pessimistic territory, implying any rebounds in spending will be modest for now.
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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