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Policy
Policy
Exclusive interviews with leading policymakers that convey the true policy message that impacts markets.
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Global Macro
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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.
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Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.
Free AccessMay Retail Sales Preview - 08:30............>
US DATA: May Retail Sales Preview - 08:30 EDT/13:30 BST
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- May retail sales are expected to rise by 0.6% based on the Bloomberg consensus
and by 0.7% based on an MNI survey of analysts after a decline of 0.2% in April.
- Vehicle sales will be the key driver of the May rebound, as industry sales
surged in the month.
- Excluding the vehicle category, retail sales are expected to be up 0.4% by
both BBG and MNI, but gasoline prices are not likely to be a big help, as prices
fell and seasonal adjustment factors look for solid unadjusted gains in May and
will adjust accordingly.
- Analysts seen rebounds in electronics and clothing sales as adding to the
control group.
- There is no clear survey risk for overall or ex-autos sales, with misses
roughly evenly split in recent years, so a surprise is possible, but the
direction uncertain.
To read the full story
Sign up now for free trial access to this content.
Please enter your details below.
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.