Key US Retail Sales next week – TDS

FXStreet (Guatemala) – Analysts at TD Securities explained that after the disappointing performance in June, when retail sales activity declined for the first time since February, we expect consumer spending to rebound a very robust 0.5% m/m pace in July.

Key Quotes:

“Strong auto sales and home-related expenditures should be the key drivers for the gains in headline number. Excluding autos, sales should rise at a less robust 0.4% m/m pace during the month. With the decent tone in labor market activity, the pick-up in wage growth and falling gasoline prices bolstering confidence, the underlying tone in spending activity should be constructive. In particular, we look for core spending activity (excluding spending on autos, gas and building materials) to improve, posting a relatively decent 0.3% m/m gain. In the coming months, we expect spending momentum to drift higher, underpinning the rebound in overall economic recovery.”

Analysts at TD Securities explained that after the disappointing performance in June, when retail sales activity declined for the first time since February, we expect consumer spending to rebound a very robust 0.5% m/m pace in July.

(Market News Provided by FXstreet)