Free Trial
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 MAR RETAIL SALES -1.2% M/M (FCST -0.2%); FEB -0.2% M/M
EUROZONE MAR RETAIL SALES -3.8% Y/Y (FCST -3.3%); FEB -2.4% Y/Y
- Eurozone retail sales contracted in March by -1.2% m/m, outpacing the more mild -0.2% m/m contraction expected by consensus. Sales in March were down -3.8% y/y.
- Food sales drove the decline at -1.4% m/m, as high food inflation saw consumers cut back spending. Non-food retail weakened by -1.1% m/m, implying overall spending sentiment was weak. Only fuel sales rose (+1.6% m/m), likely boosted by holiday driving.
- Looking forward, the EC's Eurozone consumer confidence improved further in April, to over ten points higher than the Sep '22 record low and the least negative since the Feb '22 level (pre-Russia-Ukraine war).
- The April major purchase intentions recovered for a fourth consecutive month. This is an initial tentative indication of improving demand in the eurozone outlook, however as it remains below the historical average, consumer spending is likely to remain pressured in the near-term.
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.
We are facing technical issues, please contact our team.
ok
Your request was sent sucessfully! Our team will contact you soon.
ok