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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
On a monthly basis, Eurozone volume of retail trade was down -0.3% M/M in September (vs -0.2% consensus, -0.7% M/M revised prior from -1.2% M/M). The upward revision to the August data saw the Y/Y print come in a little higher than consensus at -2.9% Y/Y (-3.1% Y/Y consensus, -1.8% Y/Y revised prior from -2.1% Y/Y).
- This still marked a fall in Y/Y-terms versus August. The increased rate of decline was largely due to volume of retail trade in ‘Non-food products (except fuel)’ declining for the first time since May 2023 by -3.4% Y/Y.
- However, the rate of decline in volume of in ‘Food, drinks, tobacco’ was only -1.0% Y/Y from -2.4% Y/Y in August. The Y/Y print has been less negative in each consecutive month since March.
- The decline in ‘Automotive fuels’ remained relatively stable at -7.5% Y/Y.
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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