U.S. WEEK AHEAD IN ECONOMICS: Tentative Preview of Next Friday's Retail Sales


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TENTATIVE Friday, Oct 11 at 8:30AM. Retail Sales, Excl Autos (September). Forecast 0.2%, 0.5%.

Credit Suisse says: "September retail sales should post another modest gain. Core details should look better than the headline, which should be held back by a drop in auto sales. On the upside, we look for a pick-up in food sales and a rebound in both building materials and clothing after declines last month. However, chain store sales appeared sluggish and could limit strength in general merchandise, and gasoline prices were down slightly, making these sales a potential small drag. Overall, our assumptions should be consistent with real consumer spending growth of 1.6% in Q3, another subpar quarter."

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