Free Trial

MNI PREVIEW: April Retail Sales -.......>

CANADA DATA
CANADA DATA: MNI PREVIEW: April Retail Sales - Friday 8:30 EST
--------------------------------------------------------
- MNI median -15% MoM, prior -10%, and ex-auto retail sales -13%, prior -0.4%.
- Declines could be biggest on record, led by car dealership shutdown. 
- Gasoline stations may add to decline in ex-auto sales, offset by grocery
stores.
- Slump would follow unexpected weakness in wholesales (-22%) factory sales
(-29%) and CPI (-0.4% YOY), put focus on potential for downside to Q2 GDP
forecasts.
- May retail sales seen to show gains as some industries started to reopen. 

To read the full story

Close

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.