US retail sales preview: Downside risks to consensus - TDS

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Oct 14, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
    Likes Received:
    FXStreet (Delhi) – Paul Fage, Senior Emerging Markets Strategist at TD Securities, suggests that US Retail sales for Sep is the highlight and we see downside risks to consensus.

    Key Quotes

    “We look for +0.1% m/m in headline sales, while our forecast for ex-autos is even weaker at -0.1% as falling prices at the pump weigh on nominal sales figures (mkt +0.2% and -0.1% respectively). In contrast, the control group, which strips out building materials along with autos and gas should be slightly more constructive at +0.4% m/m (mkt +0.3%).”
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