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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)
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From bls.gov|Jan 18, 2023The Producer Price Index for final demand declined 0.5 percent in December, seasonally adjusted, the U.S. Bureau of Labor Statistics reported today. Final demand prices advanced ...
From statcan.gc.ca|Jan 18, 2023In December, the Industrial Product Price Index (IPPI) declined 1.1% month over month and was up 7.6% year over year. Prices for energy and petroleum products (-9.8%) fell for a ...
From kob.com|Jan 18, 2023Americans cut back on spending in December, the second consecutive month they’ve done so, underscoring how inflation and the rising cost of using credit cards slowed consumer ...
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- Posted: Jan 18, 2023 7:47am
- Submitted by:Category: Fundamental AnalysisComments: 0 / Views: 2,444
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