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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.
GERMAN DATA
MNI (London)
GERMANY SEP RETAIL SALES +0.9% M/M (FCST -0.5%); AUG -1.4%r M/M
GERMANY SEP RETAIL SALES -0.9% Y/Y
- German retail trade saw a relatively robust September increase of +0.9% m/m, beating expectations of a -0.5% m/m contraction and rebounding from the -1.4% m/m fall in August.
- This data adds colour to the surprise +0.3% q/q expansion in Friday's flash Q3 GDP print, which was largely boosted by private consumption.
- Consumer sentiment has been extremely depressed in GFK's surveys since the onset of the Ukraine war and the rapid increase in consumer prices. However, household consumption is proving to be more robust than initially anticipated.
Source: Destatis
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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