US: 0.3% rise in February retail sales expected - BBH

Sandeep Kanihama FXStreet Contributor

US retail sales for February will be reported and the consumer appears to be a little less buoyant, according to analysts at BBH.

Key Quotes

“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.”

Author

Sandeep Kanihama

FXStreet Contributor

Sandeep Kanihama is an FX Editor and Analyst with FXstreet having principally focus area on Asia and European markets with commodity, currency and equities coverage. He is stationed in the Indian capital city of Delhi.

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