Analysts at Nomura expect that US personal income likely rose at a trend-like pace of 0.4% m-o-m in April, after rising 0.3% in March. Key Quotes “We expect a healthy 0.5% m-om increase in personal spending in April, reflecting a solid 0.4% m-o-m increase in core (“control group”) retail sales which exclude volatile components. Retail sales data suggest that momentum in personal spending could firm in Q2, after softness in Q1. Sales at most vendors rose steadily in April. Sales at auto dealerships were up 0.2% mo-m, implying that consumer purchases of autos rose modestly. Among non-core components, receipts at gasoline stations grew 0.8% m-o-m, reflecting higher retail gasoline prices during the spring driving season. Looking ahead, the recent tax cuts and healthy labor market should support consumer spending.” FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next NOK/SEK remains a sell – Danske Bank FX Street 5 years Analysts at Nomura expect that US personal income likely rose at a trend-like pace of 0.4% m-o-m in April, after rising 0.3% in March. Key Quotes "We expect a healthy 0.5% m-om increase in personal spending in April, reflecting a solid 0.4% m-o-m increase in core ("control group") retail sales which exclude volatile components. Retail sales data suggest that momentum in personal spending could firm in Q2, after softness in Q1. Sales at most vendors rose steadily in April. Sales at auto dealerships were up 0.2% mo-m, implying that consumer purchases of autos rose modestly. Among non-core components, receipts at… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
