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US data reviewed and previewed - Nomura

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Mar 8, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
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    Analysts at Nomura offered a review and preview of the US data released and forthcoming.

    Key Quotes:

    "Weekly chain store sales: The Redbook chain store sales index increased 2.9% m-o-m and 0.7% y-o-y in the week ending 5 March. According to the report, this was below expectations.

    Seasonal business should pick up as temperatures are starting to gradually rise.

    St. Patrick’s Day celebrations, spring break, and Easter are the main shopping events for March.

    Preview: Wholesale inventories: Sales of both durable and non-durable goods at wholesalers have fallen off, partly due to the impact of the drop in energy prices on the nominal value of petroleum goods sales and reduced overseas demand with the stronger dollar and slower global growth.

    The consistent drop in sales has led to a buildup in the stock of inventory. As such, the inventory-sales ratio is elevated, reducing the need for robust inventory investment in the near term. Consensus expects a 0.2% decline in wholesale inventories in January."
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