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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.
ITALY DATA
Italian real retail sales were subdued again in March, printing at -0.1% M/M SA (vs 0.2% prior) and 0.3% Y/Y NSA (vs 0.5% prior).
- On a 3m/3m SA basis, real retail sales fell 0.4%, the 20th consecutive negative print.
- Overall, the data is consistent with the Q1 GDP flash estimate, where domestic demand contributed negatively to the 0.3% Q/Q print (even though GDP overall was stronger than expected).
- Retail sentiment in the EC and ISTAT surveys were above neutral levels in April, but both prints were below the respective 12-month averages.
- Looking at the sub-components, both food and non-food retail sales fell on a 3m/3m basis in March, the former more substantially at -0.7% 3m/3m.
- Nominal sales also softened in March, at 0.0% M/M SA (vs 0.1% prior) and 2.0% Y/Y NSA (vs 2.4% prior).
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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