1. Hello Guest Do you know binary.com offers exclusive $20 No Deposit Bonus for FX Binary Point visitors? Click here to sign up

US retail sales likely expanded by 0.2% m/m in November – RBS

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Dec 11, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Joined:
    Oct 7, 2015
    Messages:
    27,524
    Likes Received:
    0
    FXStreet (Delhi) – Brian Daingerfield, FX Trading Strategist at RBS, suggests that the US November retail sales data is expected to show a 0.2% m/m growth in headline sales.

    Key Quotes

    “Anecdotal evidence this month is somewhat mixed – once again, mild winter weather may have weighed on apparel sales, but online sales appear to have registered a strong start to the holiday season. Personal consumption has been a bright spot in 2015 and is likely to again register strong growth in the fourth quarter.”

    “The underlying fundamentals supporting consumption, including an ongoing recovery in the labor market and lower oil prices supportive of discretionary spending, remain squarely in place. But the strong gains in income have not fully translated into stronger spending – the savings rate, at 5.6%, is at its highest level since 2012.”

    “The latest U of Michigan confidence index is due as well, and our economists expect a modest decline. Alongside the headline index we will be closely watching the survey measures of inflation expectations after Chair Yellen referenced the U of Michigan survey of inflation expectations specifically in her December 3rd speech, noting that the series “has lately edged below its typical range in recent years.”
    For more information, read our latest forex news.
     

Share This Page