Goldman Sachs: What we expect from the October US retail sales print on Friday ...Middle East

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Goldman Sachs anticipates October core retail sales to grow by 0.3%, in line with consensus, driven by robust card spending. Headline retail sales are forecasted to increase by 0.4%, with lower gasoline prices partially offset by higher auto sales.Key Points:Core Retail Sales Forecast: Core retail sales are expected to increase by 0.3%, reflecting stable consumer spending patterns, especially in card-based transactions.Headline Sales Boost from Autos: Headline retail sales are projected to rise 0.4%, bolstered by auto sales growth, though partially countered by lower gasoline prices.Conclusion:Goldman Sachs expects October’s retail sales data to show steady growth, with solid core sales and

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Last updated : 14 Nov 2024 clock 10:37 PM

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Goldman Sachs: What we expect from the October US retail sales print on Friday ...Middle East

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