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The monthly retail sales report will be coming out tomorrow. The retail sales report will indicate the level of spending by US consumers at retail outlets during the first month of the year. The overall consensus for January is somewhat conservative.
The data, which will be released by the US Department of Commerce, is forecast to show that excluding autos, retail sales will rise at a slower pace of 0.4%. This marks a slower pace of increase comparing to the 0.7% increase earlier.
The retail sales control group in January is expected to rise 0.4%, down from 0.5% previously. The headline retail sales for January is tipped to rise 0.3%, marking the same pace of increase as the month before.
Other measures of consumer data for January points to a strong month. Both the Conference Board and the University of Michigan’s report on consumer sentiment were higher. It could translate to a possible increase i...
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