US: Retail sales to post a strong 0.5% rise in May - TDS

Sandeep Kanihama FXStreet Contributor

Analysts at TDS are looking for US retail sales to post a strong 0.5% rise in May, propped up by higher gasoline prices along with a solid 0.3% increase in the core control group (market: 0.4%, 0.4%).

Key Quotes

“More favorable weather also suggests a boost from building materials and food services. Import prices will be released alongside retail sales and the market looks for a 0.5% m/m increase, with ex-petrol prices expected to rise 0.2%.”

“Initial jobless claims are the only other release and the market looks for claims to edge higher to 223k.”

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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