US Retail Sales to rise for second consecutive month in March – TD Securities
Source Fxstreet
Apr 15, 2024 10:04
Analysts at TD Securities share a brief preview of the upcoming March Retail Sales data from the US.
Retail Sales to continue to recover from January contraction
"We expect retail sales to rise for a second consecutive month in March (TD: 0.5% m/m, consensus: 0.4%), as they continue to recover from the large 1.1% contraction registered in January."
"Volatile auto and gasoline stations sales will likely modestly boost growth, with the control group acting as the main driver as it recovers from a soft start to the year (TD & consensus: 0.4% m/m). Separately, we project sales in bars/restaurants —the report's only services component— to remain firm in March."
Disclaimer: For information purposes only. Past performance is not indicative of future results.
Related Articles
The UK's Office for National Statistics reported on Tuesday that the ILO Unemployment Rate edged higher to 4.3% in the three months to March from 4.2%.
The People’s Bank of China (PBoC) set the USD/CNY central rate for the trading session ahead on Wednesday at 7.1016 as compared to the previous day's fix of 7.1002 and 7.2202 Reuters estimates.
Analysts at TD Securities share a brief preview of this week's key macroeconomic events from the US.
