US: Focus on retail sales and industrial production - TDS

Sandeep Kanihama FXStreet Contributor

Analysts at TD Securities are expecting a firm increase in the US auto sales to be the main driver behind a 0.8% rise in retail sales for May (market: 0.6%).

Key Quotes

“Although we expect sales at gasoline stations to remain supportive of the headline figure, it will be so at a lower magnitude reflecting the stabilization in gasoline prices. Furthermore, we anticipate sales in the key control group to rebound modestly at 0.2% m/m following the unexpected flat print in April.”

“Separately, we expect industrial production to advance a soft 0.1% m/m in May, as manufacturing activities likely stayed subdued during the month (market: 0.2%).”

“Lastly, UMich's consumer confidence index is expected to retreat marginally to 98 in June from 100 in the prior month.”

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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