Analysts at TD Securities expect a 0.9% increase in US retail sales (market: 0.7%), reflecting a strong boost from auto sales.
Key Quotes
“Hurricane Florence could also lift certain categories like building materials, consistent with past disaster episodes. This impact, along with healthy labor market fundamentals, point to a 0.5% rise in the control group (market: 0.4%) with upside risk. The report would also underpin Q3 real PCE above 3%.”
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