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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.
EUROZONE DATA
MNI (London)
EUROZONE SEP RETAIL SALES +0.4% M/M (= FCST); AUG 0.0%r M/M
EUROZONE SEP RETAIL SALES -0.6% Y/Y (FCST -1.1%) AUG -1.4%r Y/Y
- Following upside surprises in German and Italian data, eurozone retail sales saw modest growth of +0.4% m/m in September, after stalling in August. Sales were down -0.6% compared to Sep 2021.
- Non-food rose by +1.0% m/m and food by +0.4% m/m, implying that consumption remained relatively robust. Auto fuel sales contracted by -0.6% m/m.
- With inflation reaching a fresh high of +10.7% y/y for the bloc in October, consumers are feeling the squeeze of soaring prices on disposable incomes, as highlighted in weak sentiment indicators.
- Heading into the holiday season, Xmas sales are anticipated to remain weak and not be brought forward as in 2021 (due to logistic issue concerns).
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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