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US Retail Sales data for September is the important data point Tuesday - what to expect

Preview comments via Scotia:expected rise in US retail sales during SeptemberWe know that vehicle sales volumes were up by over 4% m/m SA and that gasoline prices in CPI were up by 1.7% m/m SA. Combined, these two factors could lift retail sales by 0.7% in weighted terms. I’ve tempered that effect with an expected gain of 0.5% in total retail sales and 0.3% in sales ex-autos given uncertainties around the rest of the drivers.----The consensus for the headline is +0.3% m/m and +0.2% m/m for the e... Read More

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Content Topics

Retail

Sales

Data

September

Important

Point

Tuesday

Expect

Forex

Posted: Oct 16 2023, 23:08

Author Name: forexlive

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