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Key US retail sales coming up - TDS

FXStreet (Guatemala) - Analysts at TD Securities noted the forthcoming and key US September Retail Sales on the 14th Oct.

Key Quotes:

"Consumer spending momentum is expected to drift modestly lower in September, with headline retail sales eking out a very meagre 0.1% m/m advance (consensus: 0.2%), as the lift from auto sales more than compensate for lower gasoline prices and weaker spending in the housing-related categories."

"Excluding autos, retail sales activity should decline by 0.1% m/m, marking the first drop in this indicator since April. Core spending momentum, however, should remain favorable, as core sales boast a very decent 0.4% m/m advance, reflecting the buoyant underlying tone in spending activity.

Nevertheless, with household confidence beginning to leak lower and the labor market recovery starting to show signs of strain, the outlook for spending is weakening."

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