US: Retail sales likely to advance 0.4% in March - TDS

Analysts at TDS expect US retail sales to advance 0.4% in March, with the control group up 0.3%.

Key Quotes

“Auto sales will boost spending along with tax refunds, which were pushed into March. However, offsetting declines from gasoline station receipts, building materials and food services (the latter two likely weather related) should temper the increase.”

“Empire manufacturing and the NAHB housing market index for April are also on the calendar; markets expect the Empire index to edge lower to 19.6 from 22.5, while the NAHB index is expected to print at an unchanged 70.”

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