US: Retail sales probably fell modestly in April – TD Securities

Previewing next week's key macroeconomic data releases from the US, "retail sales probably fell modestly in April after a stimulus-payments-boosted 9.  |  07/05/2021 17:30

Previewing next week's key macroeconomic data releases from the US, "retail sales probably fell modestly in April after a stimulus-payments-boosted 9.7% m/m surge in March," said TD Securities analysts.

Key quotes

"Our forecast implies a strong start to Q2 relative to the Q1 average, consistent with consumer spending adding significantly to GDP growth again. That said, we expect goods spending to keep edging down on a monthly basis in the months ahead as the boost from stimulus fades."

"We advise against extrapolating, consistent with Fed officials citing "transitory" factors, but a surge in used vehicle prices, along with strong reopening-related gains in airfares and hotel rates, likely led to sharp pickup in the core CPI. Moreover, base effects will add to the y/y data. We forecast 3.7%/2.5% y/y for total/core prices, up from 2.6%/1.6% in March."

 

Share

Popular News

Show More Popular News

Market Insight's Views

Market Insight analyses will provide both fundamental and technical comprehensions on FX
and other asset classes for Market Insight viewers

RISK WARNING

The information provided herein is for general informational and educational purposes only. It is not intended and should not be construed to constitute advice.

If such information is acted upon by you then this should be solely at your discretion and GKFX will not be held accountable in any way.

  • ForexF
  • IndicesI
  • CommoditiesC
        Back

        Login to Market Insight Account

        Your Market Insight account gives you access to the tools that we offer our customers including our
        Technical Studies & Sentiment for your accounts.

        Forgot Password?

        Don't you have a Market Insight account? With a few easy steps you can easily register to Market Insight

        Create a Market Insight's Account

        Your Market Insight account gives you access to the tools that we offer our customers including our Technical Studies & Sentiment for your accounts.

        register_ty

        Thank you!

        Welcome to Market Insight family!

        You have succesfully completed the registration.
        We will send you an e-mail to give you some
        instructions and our Terms and Conditions!
        Our account representatives will be contacting you as
        soon as possible. If you have any further questions
        please do not hesitate to mail us via info@marketinsight.com