The United States Census Bureau will publish the country’s Retail Sales report on Thursday, which is expected to show that the headline Retail Sales number will reverse the 0.8% monthly contraction seen in the first month of the year.
The United States Census Bureau will release Retail Sales data on Thursday. US Retail Sales are expected to have expanded by 0.8% in February. It is highly unlikely that Retail Sales readings change the Fed’s plans to cut rates in June. So far, consumer spending among US residents has been performing erratically in recent months as market participants keep digesting the Federal Reserve’s restrictive credit conditions. According to the Census Bureau, “advanced estimates of U.S.
A stratified random sampling method is used to select approximately 4,800 retail and food services firms whose sales are then weighted and benchmarked to represent the complete universe of over three million retail and food services firms across the country. The data is adjusted for seasonal variations as well as holiday and trading-day differences, but not for price changes. Retail Sales data is widely followed as an indicator of consumer spending, which is a major driver of the US economy.
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