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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 OCT CBI RETAIL REPORTED SALES +18 (FCST -15); SEP -20
UK NOV CBI RETAIL EXPECTED SALES -9; OCT -13
- The October CBI retail report recorded surprisingly robust trade, with retail sales volumes expanding by 18% following the -20% decline in September (note this indicator tends to be volatile). A modest decline of -9% is anticipated for November, realigning with the longer-term trend of declining sales.
- The rising cost of living, higher interest rates and weak economic outlooks have substantially dampened consumer demand heading into the holiday season.
- This report could boost October ONS national retail data due on November 18. Following 1.4% m/m and 6.9% y/y contractions in September, a boost to October retail sales will however unlikely see an exit from contractionary territory.
Source: CBI
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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