Free Trial
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.
EUROZONE DATA
[Correction to French comment: the -0.2% M/M followed -0.1% rather than two months of -0.2%]
Eurozone volume of retail trade growth came below expectations at -0.3% M/M in June (vs -0.1% consensus, 0.1% prior) - the weakest since December 2023. On an annual basis, volumes of retail trade also disappointed at -0.3% Y/Y (vs 0.1% consensus, +0.5% prior revised from 0.3%) - returning the annual print to a negative reading for the first time since February 2024.
- The decline was driven by a large fall in 'food, drinks, tobacco' volume of retail trade which printed a fall of 0.7% M/M (vs an increase of 1.0% last month). This was followed by a 0.1% fall in 'Non-food products (except automotive fuel)' volumes after -0.3% in May.
- In contrast, the 'Automotive fuel' subcomponent rose for the second consecutive month by 0.5% M/M (vs 0.3% prior).
- Looking at overall retail volumes across major eurozone members, the Netherlands led the decline (-1.4% M/M), followed by France (-0.2%, second consecutive decline) and Italy (-0.1%).
- Spain meanwhile printed an increase of 0.3% M/M after -0.5% in May, whilst on Germany data, Eurostat states "The publication of German data is delayed due to the changeover to new data requirements".
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.
We are facing technical issues, please contact our team.
ok
Your request was sent sucessfully! Our team will contact you soon.
ok