FXstreet.com (Barcelona) - US retail sales rose to a 0.9% MoM in August, a bit higher than expected (0.8%), according to ING.

The detail shows gasoline station sales rose 5.2% and motor vehicle and parts sales rose 1.3%, so, excluding these, the core figure grew only 0.1%. Meantime, core inflation rose a 0.1%, but prices increased 0.6% on energy.

"Consequently today’s reports highlight the loss of momentum in the US economy add further justification for the Fed’s QE3 programme", says James Knightley, analyst at ING.