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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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Free AccessFeb Retail Sales In Surprise Rise, On Track.>
UK DATA: Feb Retail Sales In Surprise Rise, On Track for Strong Q1
-UK Feb total sales +0.4% m/m, +4.0% y/y in Feb
-UK Feb ex-fuel sales +0.2% m/m; +3.8% y/y
-UK Feb retail prices +0.5% y/y vs +0.3% in Jan
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UK retail sales extended January gains through the second month of
the year, leaving the sector on track to lift Q1 GDP. January sales were
revised downward slightly to a 0.9% rise, but volumes could fall by as
much as 2.9% in March and leave the sector on par with the first
quarter; sales have not plunged by such a large amount in over nine
years. The implied deflator for clothing and footwear declined for the
sixth straight month, the longest stretch of weakness since mid 2016.
However, the heavy discounting failed to prevent a 0.3% decline in Feb,
partially reversing an unusually-strong 1.7% rise in January. Internet
sales rose to a record-high 18.4% of total sales in value terms.
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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.