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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.
GERMAN DATA
MNI (London)
GERMAN APR RETAIL SALES -5.4% M/M, -0.4% Y/Y (REAL, SA)
- April retail turnover contracted by 5.4% m/m in Germany, slumping substantially further than the forecasted -0.5% m/m. Real retail sales saw a further 0.4% contraction compared to April 2021.
- This implied real turnover sinking to the lowest since February 2021, as German consumer demand wavers due to soaring inflation recorded jumping 0.5pp to +7.9% y/y in the flash print for May.
- Stagnating growth outlooks in the region and minimal evidence of wage growth continue to underline the ECB's dovish policy, seen holding off on hikes in the June meeting.
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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