US Retail Sales Preview: Forecasts from seven major banks, noticeable increase RetailSales DollarIndex Macroeconomics Banks
Retail Sales in the US are expected to rise by 1.9% vs. -1.1% in December. Meanwhile, while sales ex-autos are expected at 0.8% vs. -1.1% in December. The so-called control group used for GDP calculations is expected at 0.8% MoM vs. -0.7% in December. “After the weak figures for November and December, there are signs of a countermovement. According to industry data, car sales have increased considerably.
prices. All told, headline sales could have jumped 2.1% in the month. Spending on items other than vehicles may have expanded a bit less, advancing 1.0%.”“Retail sales likely bounced back in January, as gas prices climbed and unit auto sales surged, which likely added to an increase in restaurant spending as the weather improved in many areas. Total retail sales likely rose by a robust 1.6%.
If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
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