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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.
US DATA
Looking at at our series of "real" (headline CPI-deflated) Y/Y retail sales, April saw the biggest contraction since Jun 2020, at -3.4% Y/Y.
- This is a slightly unflattering comparison as Apr 2022 saw the highest level of real retail sales, and it's only a rough guide, but current levels are around where they were in 2Q 2021.
- Nominal retail sales levels remain well above early 2021 levels, but that appears to be largely the effect of inflation - and April's Y/Y nominal growth was also the slowest since the contractions of 2Q 2020.
Source: Census Bureau, BLS, MNI
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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