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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 OCT RETAIL TRADE -1.8% M/M (FCST -1.7%); SEP +0.8%r M/M
EUROZONE OCT RETAIL TRADE -2.7% Y/Y (FCST -2.6%); SEP 0.0%r Y/Y
- Eurozone retail trade contracted in October, falling marginally more than expected at -1.8% m/m and -2.7% y/y.
- This follows an upwardly revised +0.8% m/m growth in September.
- At -2.1% m/m, the fall in non-food spending was more pronounced; a signal of further weakening demand. Yet auto fuel sales ticked up by +0.3% m/m as fuel prices remained tempered.
- Consumer Spending on both goods and services provided a vital boost to Q3 GDP, elevating growth to remain modestly expansive at +0.2% q/q.
- As inflation begins to cool across the block, consumer sentiment is edging up again. Nevertheless, this weaker October retail print could be the kick-off of muted holiday-season spending, which would signal a drag on growth into year-end.
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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