Forecasts from six major banks, tepid gains after surging since spring
The post Forecasts from six major banks, tepid gains after surging since spring appeared on BitcoinEthereumNews.com. The US Census Bureau will release the September Retail Sales report on Tuesday, October 17 at 12:30 GMT and as we get closer to the release time, here are the forecasts of economists and researchers of six major banks regarding the upcoming data. Retail Sales in the US are expected to rise 0.3% month-on-month vs. 0.6% in August. Meanwhile, sales ex-autos are expected at 0.2% MoM vs. the prior release of 0.6%. Deutsche Bank We expect retail sales to decline (-0.1%) after two strong months. NBF We expect total sales to have risen 0.4%. Ex-auto outlays could have been a tad weaker, advancing 0.3%. RBC Economics September US retail sales likely ticked up 0.1% from the prior month. Unit auto sales recovered (+2%) in September after two consecutive declines in prior months. Gas prices were still high, but growing at a slower pace; sales at gas stations likely remained flat during that month. SocGen We expect a mild 0.3% MoM increase for retail sales for the aggregate but note that higher gasoline prices are partially responsible for the gain. Ex-auto and ex-gasoline, we expect just a 0.2% increase. The increase implies a drop in volumes for September after an earlier decline of 0.2% in real terms for August. Citi We expect a modest 0.1% MoM increase in total retail sales in September, which follows a couple of months of strong increases. Autos should boost retail sales this month after unit auto sales increased in September following two months of declines. Gasoline sales could also provide a modest boost since gas prices increased in seasonally adjusted terms. We expect control group sales to remain unchanged this month, with non-store sales increasing but most other control group categories declining. Despite September retail sales being on the softer side, goods consumption growth has…
The post Forecasts from six major banks, tepid gains after surging since spring appeared on BitcoinEthereumNews.com.
The US Census Bureau will release the September Retail Sales report on Tuesday, October 17 at 12:30 GMT and as we get closer to the release time, here are the forecasts of economists and researchers of six major banks regarding the upcoming data. Retail Sales in the US are expected to rise 0.3% month-on-month vs. 0.6% in August. Meanwhile, sales ex-autos are expected at 0.2% MoM vs. the prior release of 0.6%. Deutsche Bank We expect retail sales to decline (-0.1%) after two strong months. NBF We expect total sales to have risen 0.4%. Ex-auto outlays could have been a tad weaker, advancing 0.3%. RBC Economics September US retail sales likely ticked up 0.1% from the prior month. Unit auto sales recovered (+2%) in September after two consecutive declines in prior months. Gas prices were still high, but growing at a slower pace; sales at gas stations likely remained flat during that month. SocGen We expect a mild 0.3% MoM increase for retail sales for the aggregate but note that higher gasoline prices are partially responsible for the gain. Ex-auto and ex-gasoline, we expect just a 0.2% increase. The increase implies a drop in volumes for September after an earlier decline of 0.2% in real terms for August. Citi We expect a modest 0.1% MoM increase in total retail sales in September, which follows a couple of months of strong increases. Autos should boost retail sales this month after unit auto sales increased in September following two months of declines. Gasoline sales could also provide a modest boost since gas prices increased in seasonally adjusted terms. We expect control group sales to remain unchanged this month, with non-store sales increasing but most other control group categories declining. Despite September retail sales being on the softer side, goods consumption growth has…
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