US: Core retail sales to rise 0.3% m/m in December – Morgan Stanley

Dhwani Mehta FXStreet

Analysts at Morgan Stanley shed some light on what is expected from Thursday’s US retail sales report slated for release at 1330 GMT.

Key Quotes:

“Based on our primary data, we forecast a 0.3% month-over-month gain in December core retail sales (which we define as retail sales and food services excluding auto dealers, gas stations and home improvement stores). This marks a deceleration from the robust pace of retail sales growth over the past few months but is still consistent with 3.7% real PCE growth in 4Q.

Food services category (i.e. restaurants), where our primary data points to a strong 1.8% jump in sales after a number of weaker readings.”

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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