US retail sales preview: Downside risks to consensus – TDS

By FXStreet 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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Source:: FX Street