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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)
EZ MAY RETAIL TRADE +0.2% M/M; +0.2% Y/Y; APR +4.0%r Y/Y
- Retail sales all but stalled in May at +0.2% m/m -1.4%r m/m in April.
- Compared with May 2021 a small +0.2% y/y improvement was seen, which beat the forecast of a -0.3% y/y dip.
- A significant disparity exists across EU member states, whereby retail growth was strong in more Eastern European states (Slovenia +25.0%, Poland +11.2% and Hungary +11.1% y/y) whilst more Central European states saw more significant declines (Austria -6.4% y/y, Denmark -5.6% y/y). The data is deflated and calendar adjusted.
- With June PMIs highlighting substantial drop-offs in demand as consumers see their real disposable income dissipating, retail demand outlooks for the upcoming months appear bleak.
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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