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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.
GLOBAL
Using a very rough measure of the headline CPI index as a deflator, US retail sales declined % M/M for the 5th month in the last 7 in September (by 0.4%).
- But that still leaves "real" retail sales well above the pre-pandemic trend, as the sharp rise in goods vs services consumption has only partially reversed.
- The UK and Eurozone produce retail sales volumes indices (the US doesn't) which were last updated in August - both are below the pre-pandemic trend.
- While these aren't directly comparable to each other for compositional and other issues, it puts US retail "weakness" into a broader perspective, and suggests that US consumers are relatively healthy vs their global counterparts.
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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