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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.
EUROZONE DATA
Eurozone volume of retail trade was marginally below consensus at +0.1% M/M in January (vs +0.2% M/M consensus, -0.6% M/M revised prior). On an annual basis, retail trade volume continued to decline, albeit a smaller decline than expected at -1.0% Y/Y (vs -1.3% Y/Y consensus, -0.5% Y/Y revised prior).
- Both 'Food, drinks, tobacco' and fuel contributed gains M/M, with the former seeing the first M/M rise since September 2023 at +1.0% M/M, whilst 'Automotive fuel ' trade volume printed it's fifth consecutive M/M increase at +1.7% M/M, making volume of trade for the category on an annual basis positive for the first time since March 2023.
- Meanwhile, 'Non-food products (ex automotive fuel)' saw a further slight decrease of -0.2% M/M, following the -0.9%M/M print in December. On a Y/Y basis, January's print of -1.4%Y/Y was the steepest reduction since September 2023.
- Of the major eurozone members Germany saw a -0.4% M/M fall while France saw an increase of +1.2%M/M and the Netherlands increase +0.3%M/M. French and Italian data is still to be publicly released.
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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