US: Retail Sales likely to increase 0.4% in September – TDS

Analysts at TD Securities are expecting another firm 0.4% increase in the US retail sales for September on the back of an also solid gain in sales for the key control group, as consumer fundamentals remain sound.

Key Quotes

“A steady rise in core sales coupled with another solid gain in auto purchases should more than offset a decline in sales at gasoline stations, which reflects a new drop in gasoline prices in September.”