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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 APR RETAIL SALES -1.3% M/M, +3.9% Y/Y; MAR +1.6%r Y/Y
EUROZONE MAR RETAIL Y/Y REVISED UP 0.8PP
- Retail trade contracted by 1.3% m/m in April in both the eurozone and EU. This is 1.4pp below forecasts which looked for retail all but flat at +0.1% m/m.
- A slowdown in food sales (-2.6% m/m) and non-food production (-0.7% m/m) were the key downwards drivers, whilst automotive fuels were up 1.9% m/m as commodity prices continued to soar.
- April eurozone inflation was at +7.4%, which saw a substantial squeeze to disposable incomes dampening consumer demand. Inflation has since accelerated to 8.1% for the bloc, implying further weakness in the industry in the upcoming months.
- The annual comparison still saw positive growth due to the weak prints seen at the tail-end of lockdowns in 2021.
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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