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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 DEC CBI DISTRIBUTIVE TRADES REPORTED SALES +11 (FCST -24); NOV -19
UK JAN CBI DISTRIBUTIVE TRADES EXPECTED SALES -17
- Reported sales saw an unexpected holiday-season boost in the CBI's December retailing survey, up +11% following -19% in November.
- However, looking forward outlooks are bleak, with firms anticipating a -17% fall in January.
- Sales were largely in line with average December volumes, whilst internet sales recorded another steep decline.
- The freezing of business rates from April has boosted confidence, yet fleeting fiscal support will unlikely be able to generate sustainable growth.
- Despite the positive December report, consumer spending has largely been muted into year-end. In the recent contractive national November data, retail remains set to drag on Q4 GDP.
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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