US retail sales to rise 0.2% m/m in November - Barclays

Dhwani Mehta FXStreet

The Barclays Research Team offers their expectations on the US retail sales report due later today at 1330 GMT.

Key Quotes:

“We expect retail sales to have increased 0.2% m/m in November, led by continued strength in core sales s(+0.4% m/m).

Elsewhere in the report, we expect gas station sales to register a decline, given the fall in energy prices over the coverage period.

For auto sales, we expect a flat reading, taking a cue from manufacturers' reports released earlier in the month that showed a small decline in November sales. For sales excluding autos, we forecast an increase of 0.3%.”

Author

Dhwani Mehta

FXStreet

Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.

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