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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
MNI (London)
EZ FEB RET SALES +3.0% M/M, -2.9% Y/Y; JAN -5.2% M/M
- Monthly EZ retail sales rebounded by 3.0% m/m in Feb, after plunging by 5.2% in Jan (rev. up from -5.9%).
- Feb sales came in stronger than markets expected (BBG: 1.3%) and rose to the highest level since Aug 2020.
- Feb's uptick was driven by a sharp rebound of non-food product sales, up 6.8% after falling by 9.9%.
- Automotive fuel sales rose markedly as well by 3.7% following Jan's 0.9%-drop.
- Food sales declined in Feb by 1.1% after two consecutive months of gains.
- Annual sales improved to -2.9% in Feb, but they remain in negative territory for the second successive month.
- Among the member states, the largest gains were recorded in Austria (+28.2%), Slovenia (+16.4%) and Italy (+8.4%), while the biggest declines were seen in Malta (-1.5%), France (-1.2%) and Portugal (-0.7%)
Source: Eurostat
MNI London Bureau | +44 203-865-3814 | irene.prihoda@marketnews.com
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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