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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
- Total retail sales were overall roughly in line in February, down -0.4% M/M as expected after a small upward revision to a still very strong 3.2% M/M.
- Within the details though, the control group, which better feeds through to consumption in GDP, was stronger than expected as it increased 0.5% M/M (cons -0.3%) after an upward revised 2.3% (initially 1.7%), i.e. less payback than expected after what was widely thought to have been a January benefiting from unusually mild weather.
- Trend growth rates for the nominal series are very strong, with a three-month average of 10% annualized implying a further acceleration from January’s 6% annualized run rate for personal consumption (although that was only consistent with 2% real consumption growth).
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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