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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.
ITALY DATA
ISTAT May consumer confidence retraced much of April’s 1.3pp decline to print at 96.4 (vs 96.0 cons, 95.2 April, 96.5 March). This brings the index back to January’s levels.
- All the sub-components of the consumer confidence index rose in May, with the “general economic climate” component printing at 101.9 (vs 99.4 prior).
- Q1 consumption data is due on Friday, with focus on whether real consumption registered sequential Q/Q growth or not.
- The flash GDP release noted that domestic demand was a negative contributor to the 0.3% Q/Q print, and the weak real retail sales prints seen throughout this year suggests consumption may have been a drag. Analyst consensus currently sees Q1 Y/Y consumption at -0.2% Y/Y.
- Elsewhere, overall economic sentiment fell to 95.1 (vs 95.8 prior), with services sentiment (97.8 vs 99.5 prior) seeing the largest move lower.
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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