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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)
EZ JAN RETAIL SALES +0.2% M/M, +7.8% Y/Y; DEC +2.1%r Y/Y
- Euro area retail trade for January came in below optimistic forecasts in January, at +0.2% m/m (vs +1.5% m/m expected) and +7.8% y/y (vs +9.2% y/y expected).
- The solid growth reflects recoveries from the Omicron wave and associated restrictions which hit German and Spanish retail numbers particularly hard in December.
- The strongest recoveries were seen in Poland (+5.9%), Luxembourg (+4.2%) and Denmark (+3.7%), some of the first countries to relax pandemic measures.
- Retail trade of non-food products increased by 14.8% y/y and auto fuels rose by 12.7% y/y. A decline in food, drinks and tobacco of -1.7% y/y was noted.
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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