US: Retail Sales to be little changed with downside risk – Scotiabank

Dhwani Mehta FXStreet

The Scotiabank analysts offer their take on Friday’s US Retail Sales data release that may disappoint the markets. The data will drop in later today at 1230 GMT.

Key Quotes:

“Expected to be little changed with downside risk.

Headline sales will need a boost from core sales ex-autos and gasoline which may also prove to be challenging.

Watch the risk of distorted seasonal effects given a) August had five weekends, and b) the Labor Day weekend overlapped with the end of August.”

Author

Dhwani Mehta

FXStreet

Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.

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