US: Retail sales likely to rise by 0.1% m/m in December - TDS

Sandeep Kanihama FXStreet Contributor

Analysts at TD Securities are forecasting the US retail sales to rise 0.1% m/m in December, in line with the market consensus.

Key Quotes

“The shutdown-affected release should continue to reflect a negative impact from lower gasoline prices and a more measured expansion in core sales, with a 0.2% increase for the control group (market: 0.4%). That said, we see risks to the upside given the resiliency of the US consumer on the back of a strong labor market and steady wage growth.”

“January PPI will be released alongside retail sales where the market looks for producer-level inflation to moderate to 2.1% y/y from 2.5%, reflecting a 0.1% increase on the 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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