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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 -0.5% M/M in April (vs -0.3% consensus, +0.7% prior revised from +0.8%). On an annual basis, volumes of retail trade were again below consensus at unchanged levels (0.0% Y/Y vs +0.2% consensus, +0.7% prior) - following the first positive reading since September 2022 in March.
- The disappointment was driven by all subcomponents seeing decreased volumes of retail trade. In particular, Automotive fuel declined 2.2% M/M (vs an increase of +1.0% in March), 'Food, drinks, tobacco' fell 0.5% M/M (after rising +1.0% in March), whilst Non-food products (ex-fuel) saw their second consecutive monthly drop of -0.1% M/M.
- Of the major eurozone members, Germany saw a fall of 1.2% M/M in retail trade (from a strong March reading of +2.7%), France printed a fall of 0.4% - the second consecutive monthly fall, Belgium saw retail trade fall 0.5%, the Netherlands printed -1.0% and Italy saw a slight drop of 0.2%.
- Meanwhile, Spain volume of retail trade rose +0.8% M/M, after experiencing a 0.5% reduction in March.
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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