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 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%.
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.
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