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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.
SCANDIS
Swedish retail sales showed a monthly downtick in September, printing at -1.4% M/M SWDA (vs a revised 0.0% prior) and -3.4% Y/Y SWDA (vs -2.1% prior). In Norway, retail sales were steady vs August at -0.3% M/M. Both prints signal a weakening consumer outlook following the end of the summer months.
- The Swedish print was pushed downwards by a -2.7% M/M fall in durable goods, while consumables (ex-Systembolaget, the state-owned alcohol vendor) rose +0.5% M/M. The weakness in retail sales may be reflected in the monthly consumption figures released on Monday.
- The Norwegian print was driven lower by sales of food/beverages and other household equipment.
- EURSEK saw a very minor bounce higher on the release - but now back to pre-data levels. NOKSEK has held steady just below parity.
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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