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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 AUG RETAIL TRADE -0.3% M/M (= FCST); JUL -0.4% M/M
EUROZONE AUG RETAIL TRADE -2.0% Y/Y (FCST -1.7%); JUL -1.2% Y/Y
- Eurozone retail trade contracted for the third consecutive month in August, slumping by -0.3% m/m and -2.0% y/y and led by contractions in the Netherlands and Germany.
- The contraction was lessened by the increase in automotive fuels sales, up 3.2% m/m in August as fuel prices bounced.
- Food contracted by 0.8% m/m as consumers dialled down spending. The food/alcohol/tobacco CPI increased by 1.0% m/m alone in the September euro area flash estimate, this is up 11.8% on September 2021 prices.
- Despite the continued downwards trend, retail trade for the euro area remains above pre-pandemic levels. This data is however a clear signal of declining consumer demand due to soaring inflation, which will drag on growth for the euro area.
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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