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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 retail trade growth was marginally above consensus at +0.8% M/M in March (vs +0.7% consensus, -0.3% revised prior - all figures are real and calendar/seasonally adjusted), reflecting a strong rebound from a weak February. On an annual basis, volumes rose 0.7% Y/Y (vs +0.2% consensus, -0.5% revised prior) - the first positive reading since September 2022.
- Both 'food, drinks, tobacco' (+1.2% M/M - the highest level since June 2021) and fuel (+2.0% vs -0.9% prior) contributed to M/M gains after declines in February.
- Meanwhile, 'non-food products' recorded no change M/M (vs +0.3% prior).
- Of the major eurozone members, Germany saw a 1.8% M/M increase in retail trade (with the sharp rise reflecting a rebound from a very weak -1.6% in February), France recorded its third consecutive month of growth at +1.1%, while Belgium saw a rise of 0.5% after three consecutive months of decline.
- Meanwhile, Spanish retail trade experienced a fall of 0.6% M/M , and similarly the Netherlands fell 0.4% M/M.
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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