US: Retail Sales to track the bounce in core figures – Scotiabank

Dhwani Mehta FXStreet

In the view of the analysts at Scotiabank, the US October Retail Sales report, due on Friday at 1330 GMT, is expected to rebound from a weak September reading.

Key Quotes:

“Retail sales figures for October will have to rely upon a bounce-back in core sales ex-autos and gasoline including higher prices in order to return into the black

Industrial output ... Notwithstanding recent potential stabilization in ISM-manufacturing and Markit's manufacturing PMI, industrial production is likely to continue to weaken.”

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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