15 Mar 2016
US: Series of data releases with retail sales in the limelight – Danske Bank
Research Team at Danske Bank, suggests that today's calendar contains a series of US data releases with February's retail sales report as the most important release.
Key Quotes
“The retail sales control group is expected to increase 0.2% m/m in February following a solid 0.6% increase in January, suggesting that US households continue to spend what they have saved on lower gasoline prices. Moreover, another solid retail sales print for February means that private consumption has been little affected by the turmoil on financial markets so far this year.
Other US data releases are expected to show moderate improvements. The Empire State manufacturing index is expected to increase to -10 in March from -16.64 in February, while the NABH housing market index is forecasted to tick up to 59 in March from 58 in the previous month.”
Key Quotes
“The retail sales control group is expected to increase 0.2% m/m in February following a solid 0.6% increase in January, suggesting that US households continue to spend what they have saved on lower gasoline prices. Moreover, another solid retail sales print for February means that private consumption has been little affected by the turmoil on financial markets so far this year.
Other US data releases are expected to show moderate improvements. The Empire State manufacturing index is expected to increase to -10 in March from -16.64 in February, while the NABH housing market index is forecasted to tick up to 59 in March from 58 in the previous month.”