US: Core retail sales to drop 0.2% m/m in October - Barclays

Dhwani Mehta FXStreet

The Barclays Research Team offer their expectations on today’s US retail sales report slated for release at 1330 GMT, with the core figures likely to be in the spotlight.

Key Quotes:

“We expect retail sales to have increased 0.2% m/m in October. We forecast gasoline station sales to stage a firm rebound, driving headline sales higher.

Auto sales reported by manufacturers recorded decent growth in October, and we expect a similar print at the retail level. For sales excluding autos, we forecast growth of 0.2% m/m.

At the core level, however, we forecast a decline in sales of 0.2% m/m.”

Author

Dhwani Mehta

FXStreet

Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.

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