Social distancing likely resulted in dramatic weakening in total retail sales, economists at TD Securities apprise. Key quotes “We are projecting an eye-catching 7.5% m/m drop in the headline number for March, which would beat the largest decline on record at -6.5% in Jan 1987.” “Although a good chunk of the decline in total sales is likely to be explained by tumbling auto sales, we expect the headline ex-auto segment to also post a significant decline (-5.0% m/m).” “The weakest reading on record for the headline index in the Empire State survey, with data back to 2001, is -34.3 in February 2009. We expect a new record at -40 for April.” “Industrial production will probably show a huge decline. We project a sharp 6% m/m decline for April.” 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 EUR/JPY Price Analysis: Scope for a move to 116.00 FX Street 2 years Social distancing likely resulted in dramatic weakening in total retail sales, economists at TD Securities apprise. Key quotes “We are projecting an eye-catching 7.5% m/m drop in the headline number for March, which would beat the largest decline on record at -6.5% in Jan 1987.” “Although a good chunk of the decline in total sales is likely to be explained by tumbling auto sales, we expect the headline ex-auto segment to also post a significant decline (-5.0% m/m).” “The weakest reading on record for the headline index in the Empire State survey, with data back to 2001, is -34.3 in… 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.
