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 retail sales were again disappointing in March, declining at the same as Feb as the country remains in lockdown, although firms are more optimistic regarding sales in April due to the planned reopening of non-essential businesses, according to Ben Jones, Principal Economist at the CBI. "Expectations point to a fairly muted recovery, especially when considering that base effects will tend to flatter annual growth next month, given the historic drop in sales in April 2020.", Jones added.
According to the latest CBI survey, retail sales remained at February's level of -45 in March, mainly driven by sharp declines in sectors such as clothing, footwear, furniture & carpets and department stores. Orders placed upon suppliers only improved marginally to -33 in March, but orders are forecast to rebound in April.
Source: CBI Distributive Trades Survey
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.