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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 FEB RETAIL SALES -0.8% M/M (= FCST); JAN +0.8%r M/M
EUROZONE FEB RETAIL SALES -3.0% Y/Y (FCST -3.5%); JAN -1.8%r Y/Y
- Eurozone retail sales contracted by -0.8% m/m in the February data, in line with consensus expectations.
- Sales fell by -3.0% y/y, 0.5pp better than anticipated, albeit signalling five consecutive months of y/y contractions. Germany alone posted a substantial -7.0% y/y drop in sales.
- Automotive fuels fell by -1.8% m/m, whilst non-food products sales declined by -0.7% m/m.
- Looking forward, eurozone economic confidence edged down in March, with retail outlooks remaining broadly stable with again tentative signs of purchasing intentions improving.
- Whether this will translate into positive growth in the near future remains uncertain.
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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