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US Sept Retail Sales Seen +0.3% vs Aug +0.4%

From mninews.marketnews.com

Retail sales are expected to rise at a slightly slower rate in September with consumer spending still driving the U.S. economy through a global slowdown. Here are some highlights to look out for: -Sales are expected to rise 0.3% in September according to the Bloomberg median, following a 0.4% increase in August. New and used vehicle prices dropped in September, likely keeping September auto sales high. However, falling gasoline prices should drive down gas station spending, which could hold down the headline number. - Expected monthly rise would be the seventh in a row. At the same time it would be the weakest in ... (full story)

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  • Category: Fundamental Analysis