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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.
UK DATA
MNI (London)
UK CONSUMER CONFIDENCE JAN -45 (FCST -40); DEC -42
- UK confidence slipped by three points to -45 in January, against expectations of a further two-point improvement. This remains only four points above the September historic low and signals a break in the three-month run of increasing confidence.
- All sub-indices remain severely depressed. The lack of improvement in the assessment of 12-month economic outlooks paints a gloomy picture for the start of Q1, whilst the solid decline in the major purchases index implies that spending will remain pressured in the near term, along with growth.
- UK December Retail sales due at 0700 GMT are projected to see some recovery in holiday-season spending in December (in line with CBI distributive trades data), up +0.4% m/m after a -0.3% m/m slide in November.
- Looking forward, dampened January consumer confidence implies a weaker start to 2023.
Source: GfK
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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