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14 Apr 2015
US retail sales expected to rebound – TDS
FXStreet (Barcelona) - The TD Securities Team previews today’s US data releases, and further expects US headline sales to register a print at 1.1% in March.
Key Quotes
“The March retail sales report will be the key US release, kicking off a busy data week. Consumer spending activity has been weak for 3 straight months as consumers pocketed savings from lower gas prices, increasing the savings rate to 5.8% from 4.4%. We look for a thawing in March to help headline sales advance 1.1%, with autos and gasoline helping to drive the rebound.”
“While sales ex-autos and gasoline should increase a more moderate 0.3%, we look for core sales to rise 0.6%.”
“The March PPI report will also be in focus, expected to rise 0.3% amid an increase in energy prices.”
“The March NFIB Small Business Optimism survey should pick up modestly to 99.2 from 98.0.”
“On the speaker circuit, Fed’s Kocherlakota (dove, non-voter) will make remarks.”
Key Quotes
“The March retail sales report will be the key US release, kicking off a busy data week. Consumer spending activity has been weak for 3 straight months as consumers pocketed savings from lower gas prices, increasing the savings rate to 5.8% from 4.4%. We look for a thawing in March to help headline sales advance 1.1%, with autos and gasoline helping to drive the rebound.”
“While sales ex-autos and gasoline should increase a more moderate 0.3%, we look for core sales to rise 0.6%.”
“The March PPI report will also be in focus, expected to rise 0.3% amid an increase in energy prices.”
“The March NFIB Small Business Optimism survey should pick up modestly to 99.2 from 98.0.”
“On the speaker circuit, Fed’s Kocherlakota (dove, non-voter) will make remarks.”