US: Headline retail sales to rise by 0.5% in August - TDS

Analysts at TD Securities are looking for the US headline retail sales to rise by 0.5% m/m in August, with ex-auto sales up 0.8% on the month (market: 0.4%, 0.5%).

Key Quotes

“While auto sales will be a drag, gains in other volatile components (gasoline, restaurants) should leave the control group up 0.5% m/m in line with the headline print.”

“Import prices and industrial production for August will round out the data calendar; the market expects import prices to fall by 0.2% while IP is expected to rise by 0.3% on the month.”

“We will also hear from the Fed's Evans and Rosengren who will speak at 9:00 and 10:00 ET, respectively.”

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