US Retail Sales Preview: Forecasts from six major banks, can the US consumer remain strong? RetailSales UnitedStates Macroeconomics Banks
“We look for retail sales to lose speed in August , following a flat MoM print in July. Spending was likely dented by a sharp drop in gasoline station sales and another retreat in auto sales. We also look for slowing in control group sales to 0.2% following a string of firm MoM increases. Sales in the eating/drinking segment likely fell for the first time in several months.”“Car dealers likely contributed negatively to the headline number, as auto sales cooled during the month.
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