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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
MNI (London)
EUROZONE JAN CONSUMER CONF (FLSH) -20.9 (FCST -20); DEC -22.0
- The eurozone January flash consumer confidence index ticked up to -20.9, up 1.1 points on December, remaining 0.9 points below expectations. This signals a fourth consecutive month of improvements after having collapsed to a record low of -28.7 in September 2022.
- Further details will be released in the final print and economic sentiment indexes released next Monday. Government energy bill support is driving the bulk of improvements in consumers' outlooks, yet whether this filters into higher consumer spending remains uncertain.
- This week's slew of sentiment data (Germany on Tues, Italy on Thurs and France on Fri) will add more colour to the eurozone outlook, whereby the propensity to buy subindices will carry higher significance.
- Flash PMI data is also set to see minor upticks across the board, signalling only mild contractions to kick off 2023. The eurozone index remains severely depressed and as such improvements in consumer confidence translating into recovery in demand remains yet to materialise.
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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