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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 APR RETAIL SALES 0.0% M/M (FCST +0.2%); MAR -1.2% M/M
EUROZONE APR RETAIL SALES -2.6% Y/Y (FCST -3.0%); MAR -3.8% Y/Y
- After a contractionary end to Q1, April euro area retail sales stalled on the month, remaining -2.6% y/y below April 2022 levels.
- The +0.5% m/m increase in non-food products signalled a slight uptick in demand, yet this was cancelled out by declining sales across food (-0.5% m/m) and auto fuels (-2.3%).
- Looking forward, economic confidence for the euro area moderated in May, led by the slump in retail trade sentiment with deteriorating demand conditions flagged as a key concern.
- Consumer confidence was largely unchanged in May, remaining in below-average pessimistic territory.
- Expectations for personal finances and the general economic conditions inched up. However, major purchase intentions faltered somewhat and unemployment concerns ticked up, indicating consumption in the bloc is likely to remain pressured in the near-term as uncertainty prevails.
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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