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 same-store sales rose by a 2.7% in the year to February, a performance flattered by weakness in February 2021, when many non-essential shops were shuttered, a British Retail Consortium survey published Tuesday shows. The February outcome is well below the 12-month-average growth rate of 8.5%.
The BRC data are measured by value, rather than volume, so the sharp rise in prices may also distort the February data, as shop prices jumped by a decade-high 1.8% in February, while the official consumer price index topped 5% in January.
Despite the strength in the headline number, the outlook is bleaker, with BRC head Helen Dickenson saying current demand is "unlikely to be sustained … With households facing lower disposable income, discretionary spend will be one of the first things to feel the squeeze.”
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.