US Retail Sales data for September is the important data point Tuesday – what to expect

<p>Preview comments via Scotia:</p><ul><li>expected rise in US retail sales during September</li><li>We know that vehicle sales volumes were up by over 4% m/m SA and that gasoline prices in CPI were up by 1.7% m/m SA. Combined, these two factors could lift retail sales by 0.7% in weighted terms.</li><li> I’ve tempered that effect with an expected gain of 0.5% in total retail sales and 0.3% in sales ex-autos given uncertainties around the rest of the drivers.</li></ul><p>—-</p><p>The consensus for </p><ul><li>the headline is +0.3% m/m </li><li>and +0.2% m/m for the ex-autos</li><li>0.0% for the 'control group'</li></ul><p>the ranges are:</p><ul><li>headline -0.5% to 0.6% m/m</li><li>ex-autos -0.8% to 0.6% m/m</li><li>control group -0.5% to 0.2%</li></ul><p>The data is due at 0830 US Eastern time:</p>

This article was written by Eamonn Sheridan at www.forexlive.com.