11 Jun 2015
May US retail sales expected to show an above consensus gain – TDS
FXStreet (Barcelona) - Previewing the US data releases ahead in the day, the TD Securities Team expects a 1.6%mom increase in May retail sales.
Key Quotes
“We are looking for a 1.6% m/m increase in retail sales in May, which is slightly more optimistic than the consensus estimate for a 1.2% m/m gain. A significant portion of the expected strength is linked to autos and gasoline sales.”
“Excluding autos & gas we are looking for a still healthy 0.5% monthly increase (in line with consensus).”
“For initial jobless claims, we are looking for a modest improvement, from 276k to 270k.”
Key Quotes
“We are looking for a 1.6% m/m increase in retail sales in May, which is slightly more optimistic than the consensus estimate for a 1.2% m/m gain. A significant portion of the expected strength is linked to autos and gasoline sales.”
“Excluding autos & gas we are looking for a still healthy 0.5% monthly increase (in line with consensus).”
“For initial jobless claims, we are looking for a modest improvement, from 276k to 270k.”