US: Retail sales for August will be constrained by Hurricane Harvey - TDS

Sandeep Kanihama FXStreet Contributor

Analysts at TDS suggest that US retail sales for August will be constrained by Hurricane Harvey, which had a negative impact on auto sales.

Key Quotes

“TD looks for retail sales to decline by 0.1% m/m while the market expects an increase of the same magnitude. However, measures of core retail sales should be more upbeat. Both TD and the wider market project a 0.5% m/m increase in ex-auto sales while TD looks for an above-consensus 0.3% print for the control group (market: 0.2%).”

“Empire manufacturing for September will be released alongside retail sales and markets expect a decline to 18.0 from 25.2. We will also get August industrial production and University of Michigan sentiment for September later in the morning. The market expects IP to rise by a modest 0.1% m/m while consumer sentiment is expected to slip to 95.0 from 96.8.”

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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