-
Policy
Policy
Exclusive interviews with leading policymakers that convey the true policy message that impacts markets.
LATEST FROM POLICY: -
EM Policy
EM Policy
Exclusive interviews with leading policymakers that convey the true policy message that impacts markets.
LATEST FROM EM POLICY: -
G10 Markets
G10 Markets
Real-time insight on key fixed income and fx markets.
Launch MNI Podcasts -
Emerging Markets
Emerging Markets
Real-time insight of emerging markets in CEMEA, Asia and LatAm region
-
Commodities
Commodities
Real-time insight of oil & gas markets
-
Credit
Credit
Real time insight of credit markets
-
Data
-
MNI Research
Actionable insight on monetary policy, balance sheet and inflation with focus on global issuance. Analysis on key political risk impacting the global markets.
-
About Us
To read the full story
Sign up now for free trial access to this content.
Please enter your details below.
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
Real-time Actionable Insight
Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.
Free AccessMNI: US Data Forecast Focus: February Sales Seen +0.3% On Gas>
WASHINGTON (MNI) - Retail sales are forecast to rise by 0.3% in
February after a 0.2% rebound in January. Not seasonally adjusted
industry motor vehicle sales were roughly steady in February, while AAA
reported that gasoline prices rose modestly in mid-February from one
month earlier. Retail sales are expected to rise by 0.4% excluding motor
vehicles after a 0.9% rebound in January.
Analysts underestimated the rebound in January sales, particularly
the underlying pace. Recent misses in past February suggest an upside
risk for sales, though there was a notable overestimate in February
2018.
Sep-18 Oct-18 Nov-18 Dec-18 Jan-19 Feb-19
Retail Sales forecast:
Median 0.6 0.5 0.1 0.1 -0.1 0.3
Range High 0.8 0.9 0.6 0.2 0.5 0.5
Range Low 0.5 0.2 -0.2 0.0 -0.9 -0.4
Actual result 0.1 0.8 0.2 -1.2 0.2 #N/A
Median-Actual 0.5 -0.3 -0.1 1.3 -0.3 #N/A
Historical comparison: Feb.-13 Feb-14 Feb-15 Feb-16 Feb-17 Feb-18
Median 0.5 0.2 0.3 -0.2 0.1 0.4
Range High 1.0 0.4 0.4 -0.1 0.2 0.5
Range Low -0.5 -0.1 0.1 -0.7 -0.1 0.1
Actual result 1.1 0.3 -0.6 -0.1 0.1 -0.1
Median-Actual -0.6 -0.1 0.9 -0.1 0.0 0.5
Sep-18 Oct-18 Nov-18 Dec-18 Jan-19 Feb-19
Retail ex-autos Forecast:
Median 0.4 0.5 0.1 0.0 0.2 0.4
Range High 0.7 0.8 0.5 0.2 0.9 0.6
Range Low 0.2 0.2 -0.2 -0.2 -0.6 -0.2
Actual result: -0.1 0.7 0.2 -1.8 0.9 #N/A
Median-Actual 0.5 -0.2 -0.1 1.8 -0.7 #N/A
Historical comparison: Feb-13 Feb-14 Feb-15 Feb-16 Feb-17 Feb-18
Median 0.5 0.1 0.5 -0.3 0.2 0.5
Range High 1.0 0.3 0.7 -0.1 0.2 0.7
Range Low -0.7 -0.2 0.3 -0.7 0.1 0.3
Actual result 1.0 0.3 -0.1 -0.1 0.2 0.2
Median-Actual -0.5 -0.2 0.6 -0.2 0.0 0.3
Oct-18 Nov-18 Dec-18 Jan-19 Feb-19
NA-Made Vehicle Sales, mln units 7.6 7.4 7.5 7.1 7.1
*Vehicle Sales Do Not Include GM, Ford
AAA gasoline prices ($/gal) 2.911 2.686 2.413 2.232 2.273
mo/mo pct change #N/A -7.7 -10.2 -7.5 1.8
Consumer confidence 137.9 136.4 126.6 131.4 124.1
Conf Bd Buying Plans Next 6 mo:*
Automobile 14.0 13.8 13.1 12.4 14.1
Home 6.4 6.4 5.9 5.4 6.1
Major appliance 53.8 54.8 49.0 48.6 48.7
--
* Respondents answering "yes"
--Kevin Kastner 202-371-2121; email: kkastner@mni-news.com
[TOPICS: MTABLE]
To read the full story
Sign up now for free trial access to this content.
Please enter your details below.
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.