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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
Eurozone volume of retail trade growth came in slightly below consensus at 0.1% M/M in May (vs 0.2% consensus, -0.2% prior revised from -0.5%). On an annual basis, volume of retail trade came in slightly above consensus at 0.3% Y/Y (vs 0.2% consensus, 0.6% prior revised from 0%) - the third successive month of a positive reading on an annual basis.
- The M/M improvement was driven by increases in both 'Food, drinks, tobacco' trade where volumes rose 0.7% M/M (vs a fall of 0.9% in April) and Automotive fuel, which rose 0.4% M/M (vs -0.7% in the prior month). Meanwhile, Non-food product ex fuel fell 0.2% M/M - the first fall since December 2023.
- Of the major eurozone members, Italy volume of trade rose 0.1%M/M (vs -0.2% prior), whilst Spain saw a fall in volume of 0.6% (vs a rise of 0.8% in April) - the biggest fall since December 2023, and France saw a fall of 0.2% again for the third consecutive month.
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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