US Retail Sales Preview: Forecasts from eight major banks, unit vehicle sales drive the advance RetailSales UnitedStates DollarIndex Macroeconomics Banks
Retail Sales in the US are expected to rise by 0.7% month-on-month vs. a revised -0.6% in March. Meanwhile, sales ex-autos are expected at 0.4% MoM vs. a revised -0.4% in March. The so-called control group used for“Retail sales figures for April will now provide the first indications of whether consumers are starting to run out of steam after all. However, we are more likely to expect a decent increase again. We forecast a 0.7% increase in retail sales.
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