MNI China Daily Summary: Friday, July 12

MNI BRIEF: China June M2 SlowsTo Record Low For Third Month

MNI BRIEF: China Steel Export Growth Slows In June

MNI: PBOC Conducts CNY2 Bln Via OMO Fri; Liquidity Unchanged

CHINA PBOC CONDUCTS CNY2 BILLION VIA 7-DAY REVERSE REPOS FRI

CHINA H1 NEW LOANS CNY13.27 TRLN VS JAN-MAY CNY11.14 TRLN

Inflation Momentum Ticks Up Despite Lower-than-expected Print

Services Still Sticky As Spain HICP Revised A Tenth Higher

RPT-MNI: Canada Sticks To Fiscal Anchors, Spends Chunk Of Windfall

MNI BRIEF: Poilievre Calls QE 'Scam' And Would Limit BOC Remit

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

Retail Sales / Services Turnover Publications Postponed Indefinitely

GERMAN DATA
DataHomepagemarkets-real-timeData BulletBulletMarketsFixed Income BulletsForeign Exchange Bullets

Retail sales and services turnover publications will be postponed until further notice, Destatis has announced.

  • The delay in publication is due to an update in the data collection / processing setup. This brings two changes to the releases:
    • Individual firms' revenue recognition can be split across categories ('Wirtschaftszweige'). Until now, for each firm, only revenue falling into the respectively largest category for that firm was recorded in the Destatis releases; revenue falling into other than the (for that firm) main category was not recorded for the calculation of the index value. This should lead to a more accurate reflection of underlying developments. Destatis plans to implement that change with the September release.
    • The most detailed (5-digit) category classification will not be available any more after the update (this will come into effect as per the next release).
  • These changes are in line with new EU data requirements. It is unclear at this stage if the changes will have any impact on future releases of Eurozone retail sales figures (although the next of those is not due until August). Last week's Eurozone retail sales for May print merely noted that German figures were unavailable.
189 words

To read the full story

Close

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.

Retail sales and services turnover publications will be postponed until further notice, Destatis has announced.

  • The delay in publication is due to an update in the data collection / processing setup. This brings two changes to the releases:
    • Individual firms' revenue recognition can be split across categories ('Wirtschaftszweige'). Until now, for each firm, only revenue falling into the respectively largest category for that firm was recorded in the Destatis releases; revenue falling into other than the (for that firm) main category was not recorded for the calculation of the index value. This should lead to a more accurate reflection of underlying developments. Destatis plans to implement that change with the September release.
    • The most detailed (5-digit) category classification will not be available any more after the update (this will come into effect as per the next release).
  • These changes are in line with new EU data requirements. It is unclear at this stage if the changes will have any impact on future releases of Eurozone retail sales figures (although the next of those is not due until August). Last week's Eurozone retail sales for May print merely noted that German figures were unavailable.