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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.
AUSTRALIA DATA
The strength of July retail sales show that Australians, at least until recently, have been able to absorb the rate hikes and the increased cost of living thanks to savings and the tight labour market. So far, what consumers are saying in consumer surveys and what they are doing are two different things.
- This data is likely to give the RBA confidence to continue on its current tightening path.
- July retail sales rose 1.3%mom - the highest rate in 4 months and above the highest market forecast of 1%. This resulted in sales growing 16.5% on the year but this is boosted strong base effects as July 2021 fell 2.6%mom (June 12%yoy).
- The strength was broad based across sectors with only household goods retailing falling for the second consecutive month. Cafes and restaurants recorded their 6th consecutive rise up 1.8% mom.
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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