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June Retail Sales Preview - 8:30............>

US DATA
US DATA: June Retail Sales Preview - 8:30 EDT/13:30 BST
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- June retail sales are expected to rise by 0.2% based on both the Bloomberg
consensus and an MNI survey of analysts after a 0.5% gain in May.
- Sales are expected to rise by 0.1% excluding vehicles, with an expected sharp
drop in gasoline station sales a key factor in the slower pace than the 0.5%
rise in May.
- The is a solid trend of overestimates for June retail sales, so a surprise to
the downside is possible.

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