InvestorsHub Logo
Followers 1113
Posts 118298
Boards Moderated 3
Alias Born 03/27/2007

Re: None

Monday, 04/15/2024 9:15:35 AM

Monday, April 15, 2024 9:15:35 AM

Post# of 364095
U.S. retail sales beat estimates
U.S. retail sales beat estimates with solid March gains of 0.7% for the headline and 1.1% for the ex-auto measure after broad-based upward revisions in January and February. Analysts expect March personal consumption to rise 0.5% in nominal terms and 0.2% in "real" terms, after upward bumps in January and February. Analysts expect March PCE chain price gains of 0.3% for both the headline and the core, versus CPI gains of 0.4% for both. The savings rate likely slipped to 3.5% from 3.6%, versus a 1-year high of 5.3% last May and a 14-year low of 2.7% in June of 2022. Analysts boosted our GDP growth estimates to 2.3% in both Q1 (was 1.9%) and Q2 (was 2.2%), after the 3.4% Q4 clip. Analysts expect "real" consumption growth rates of 2.4% (was 2.0%) in Q1 and 2.2% (was 1.7%) in Q2, after a 3.3% pace in Q4. The business inventory report later this morning will reveal a 1.6% February sales bounce after a -1.0% (was -1.3%) January drop. Today's retail sales data are consistent with a 0.8% business sales climb in next month's March report.

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.