The Barclays Research Team offers their expectations on the US retail sales report due later today at 1330 GMT.
Key Quotes:
“We expect retail sales to have increased 0.2% m/m in November, led by continued strength in core sales s(+0.4% m/m).
Elsewhere in the report, we expect gas station sales to register a decline, given the fall in energy prices over the coverage period.
For auto sales, we expect a flat reading, taking a cue from manufacturers’ reports released earlier in the month that showed a small decline in November sales. For sales excluding autos, we forecast an increase of 0.3%.”
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