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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.
EUROPEAN DATA
MNI (London)
SWISS DEC RETAIL SALES -1.7% M/M, -2.8% Y/Y
GERMANY DEC RETAIL SALES -5.3% M/M (FCST -0.2%); -6.4% Y/Y
- German retail sales contracted sharply in December, falling by 5.3% m/m, outpacing expectations of a modest 0.2% decline.
- This was largely evident in the Q4 flash GDP print, whereby the fall in private consumption largely accounted for weaker Q4 economic performance. Robust consumption had elevated growth through the first three quarters.
- Swiss retail trade also fell in December, down 1.7% m/m and 2.8% y/y. A substantial decline in food sales was noted in the release.
- Across both economies, high inflation, led by elevated energy and food prices is dampening demand, feeding into weak Q4 growth.
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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