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.”
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.
