FOCUS OF THE DAY: US retail sales report!
Dear traders,
The US Commerce Department will publish a report on retail sales for September at 15:30.
- According to the consensus forecast, it is expected that retail sales in the United States over the past month will grow by 0.7% after increasing by 0.1% in August, which was the lowest in the last six months.
- Core retail sales index, which reflects changes in monthly retail sales in the US, excluding autos, are expected to increase 0.4%.
The increase in retail sales indicates economic growth, and a decrease indicates an economic downturn. Consumer spending accounts for as much as 70% of US economic growth.
Besides the retail sales report, this week’s calendar also features U.S. data on building permits, housing starts, industrial production, as well as surveys on manufacturing conditions in the Philadelphia and New York regions. (Investing.com)
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We would like to remind you that you can always get acquainted with the upcoming news in the Economic Calendar, and in the Analytics section there are technical analysis, experts’ opinions and Trade signals!
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