US: Expect a 0.2% increase in headline retail sales print - TDS

Analysts at TDS suggest that US retail sales for November will be constrained by a normalization of post-Hurricane auto sales though TD still expects a 0.2% increase for the headline print (market 0.3%).

Key Quotes

“Ex-auto sales should post a 0.6% advance, in line with market estimates, on the strength of gasoline station sales while the control group should post a 0.2% advance (market: 0.4%) to match the headline performance. Import prices and business inventories are the only other notable data.”

“The market looks for a 0.7% petroleum-driven increase in import prices for November (ex-petrol: +0.1%) while the market consensus is for business inventories to decline 0.1% in October.”