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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
- Retail sales were notably stronger than expected in January no matter how you cut it.
- Total sales bounced 3.0% M/M (cons 2.0%) after December’s -1.1% and control group spending increased 1.7% (cons 1.0) after -0.7%, in a month that headline CPI bounced from 0.1% to 0.5% M/M as a crude proxy for a retail deflator.
- The latter’s 1.7% gain follows an almost 1% cumulative drop in the prior two months but is still noteworthy with the strongest increase since Jan’22.
- Remembering that these are all nominal, 3-month run rates for both bounce back to positive territory at +3% annualized from -4% for total and -2% for control group in December that had come in much weaker than the broader measure of consumer spending from PCE data [see chart].
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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