US retail sales for February will be reported and the consumer appears to be a little less buoyant, according to analysts at BBH.
“A 0.3% mm rise in February retail sales would simply offset the 0.3% decline in January, leaving a flat performance. The components that feed into GDP may hold in a bit better, but together January-February may average near trend of 0.2%. PPI will also be reported, with headline expected at 2.8% y/y and core at 2.6% y/y. Yesterday’s CPI data was spot on consensus.”
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