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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
US real retail sales growth has shown signs of accelerating in the past couple of months, as inflation subsides and nominal sales continue to expand at a solid pace (including December's impressive readings).
- A simple CPI-deflated index of overall retail sales puts Y/Y growth in December 2023 at 2.2%, which while slower than the 5.6% nominal equivalent, represented the fastest rise in Y/Y retail volumes since February 2022.
- Whereas nominal sales didn't contract on a Y/Y basis over 2021-23, prior to December Y/Y real retail sales had been negative in 10 out of 14 months.
- The December 2023 level represented a full retracement of the decline since January 2023. Bigger-picture, real retail sales volumes have been basically flat since early 2021 following a pandemic boom.
Source: Census Bureau, 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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