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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 MAY RETAIL TRADE 0.0% M/M (FCST +0.2%); APR 0.0% M/M
EUROZONE MAY RETAIL TRADE -2.9% Y/Y (FCST -2.7%); APR -2.9% Y/Y
- May data saw another bleak month of eurozone retail activity, with sales again stalling on the month, slightly weaker than the marginal +0.2% m/m uptick anticipated by consensus.
- A fourth consecutive slide in food sales led the decline at -0.5% m/m, followed by -0.3% m/m for auto fuels. Non-food sales rose a minor +0.1% m/m.
- May sales were down -2.9% y/y, holding pace with the April contraction.
- Looking forward, eurozone consumer confidence improved by 1.3pp in June, after edging up 0.1pp in May. Improving economic sentiment and a sharp decline in consumer price expectations underpinned this.
- Despite a small improvement in consumer major purchases intentions, the indicator remains below average, implying consumer demand and retail spending is likely to remain pressured over the next months.
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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