US Retail Sales to rise for second consecutive month in March – TD Securities
Source Fxstreet
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.
Recommended Articles
On-chain data shows HODLing behavior remains dominant among the Bitcoin investors despite the fact that the price is near the all-time high (ATH).
On July 4, Alibaba Group announced the successful completion of its zero-coupon exchangeable bond issuance , raising HKD 12.023 billion (approximately USD 1.53 billion).
Silver consolidates the previous two days' gains and remains pinned near $37.00.
The USD/JPY pair falls over 0.4% to near 144.30 during European trading hours on Friday.
On Thursday in the US, a stronger-than-expected June non-farm payroll report dashed hopes for a rate cut in July.
