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US Retail Sales Preview: Forecasts from six major banks, consumers cautious about opening wallets to retailers
The US Census Bureau will release the December Retail Sales report on Wednesday, January 18 at 13:30 GMT and as we get closer to the release time, here are the forecasts of economists and researchers of six major banks regarding the upcoming data. Economists expect the US to report only a meager 0.1% increase in sales after a drop of 0.6% in November. Expectations for Retail Sales Control Group are for a second consecutive drop of 0.2%. Citibank: “We are expecting a 0.8% MoM decline in total retail sales in December with the main drag coming yet again from auto dealers and gasoline stations as both unit of auto ... (full story)