Markets

U.S. ECONOMICS: April Retail Sales Preview

U.S. retail sales (8:30 a.m. ET) are poised for a third month of big gains in April, following a winter sales hit in December and January that has only now been unwound.

Expectations are for increases of 0.4% for the headline and 0.6% ex-autos (with a consensus range of -.1% to 0.6% on the headline and 0.4% to 0.9% for ex-autos), with strength signaled by solid chain store sales that benefited from the late-Easter, a gasoline price bounce, and a construction hours-worked rise that signals a gain for building material sales while vehicle sales face modest headwinds.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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