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

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.”

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