Currency Analyst since 2010

US retail sales: preview

Retail sales

Previous reading (June): +0.2%

Consensus forecast: +0.2%

Core retail sales (ex-auto sales)

Previous reading (June): +0.4%

Consensus forecast: +0.4%


Analysts at Credit Agricole expect lower readings than consensus: +0.3% and +0.1% for core retail sales. The specialists think that although chain store sales have probably increased last month, the auto and gas station sales will contribute negatively to overall retail sales: “Following two strong sales months, total light vehicle unit-sales in July fell 2.5% to a 16.5 million-unit rate. Retail gasoline prices dropped 2.2%, negatively impacting gas station receipts”.

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