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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.
UK DATA
MNI (London)
- UK CBI reported retail sales plunged in December, with the reading for the month slowing to +8%, far below the forecasted +25% and a strong decline from November’s strong reading of +39% which looked optimistic with early Christmas shopping was well underway.
- The emergence of the new Omicron covid variant and associated “Plan B” restrictions being reinforced in December caused the slowdown.
- Sales expectations for January are +5%, reflecting a further dampening of confidence as retailers downgraded their outlooks, due to low demand and concerns of future covid-induced staff absences causing supply chains to come under (more) strain.
- For now, inventory levels are being kept high with balances in the green for the first time since February this year, as firms aim to buffer for upcoming disruption.
Source: CBI
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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