Trial now
EURJPY TECHS

Bearish Extension

CHF

USDCHF Hovering Below Notable Resistance Area

USDJPY TECHS

Support Appears Exposed

     WASHINGTON (MNI) - Retail sales are forecast to hold steady in 
October after a sharp rebound in September. Seasonally adjusted industry 
motor vehicle sales slowed in October after a surge in September, while 
AAA reported that gasoline prices fell back in mid-October from one 
month earlier. However, building material sales should remain strong as 
rebuilding from the storms continued. Retail sales are expected to rise 
0.2% excluding motor vehicles after September's 1.0% gain. 
     Analysts overestimated retail sales in August and September, but 
some of that can be attributed to uncetainty about the hurricane effects 
on a rebound in vehicle sales. Retail sales excluding vehicles were 
slightly underestimated due sharp gains in gasoline sales and building 
materials sales for the rebuilding effort. Misses for past October data 
have been tilted toward underestimates for overall retail sales and 
mixed for ex-motor vehicle sales. 
                         May-17  Jun-17  Jul-17  Aug-17  Sep-17  Oct-17
Retail Sales forecast:
 Median                     0.0     0.1     0.3     0.1     1.9     0.0
 Range High                 0.2     0.2     1.0     0.7     2.7     0.4
 Range Low                 -0.3     0.0     0.2    -0.3     1.4    -0.3
Actual result              -0.3    -0.2     0.6    -0.2     1.6    #N/A
 vs median forecast:        0.3     0.3    -0.3     0.3     0.3    #N/A
Historical comparison:   Oct-11  Oct-12  Oct-13  Oct-14  Oct-15  Oct-16
 Median                     0.2    -0.2     0.0     0.2     0.3     0.6
 Range High                 0.5     0.3     0.4     0.7     0.5     0.7
 Range Low                 -0.2    -0.5    -0.1    -0.2     0.2     0.5
Actual result               0.5    -0.3     0.4     0.3     0.1     0.8
 vs median forecast:       -0.3     0.1    -0.4    -0.1     0.2    -0.2
                          May-17  Jun-17  Jul-17  Aug-17  Sep-17  Oct-17
Retail ex-autos Forecast:
 Median                     0.1     0.2     0.3     0.5     0.9     0.2
 Range High                 0.4     0.3     1.0     0.9     1.9     0.4
 Range Low                 -0.2     0.2     0.2     0.3     0.7    -0.1
Actual result:             -0.3    -0.2     0.5     0.2     1.0    #N/A
 vs median forecast:        0.4     0.4    -0.2     0.3    -0.1    #N/A
Historical comparison:   Oct-11  Oct-12  Oct-13  Oct-14  Oct-15  Oct-16
 Median                     0.2     0.2     0.0     0.2     0.4     0.5
 Range High                 0.4     0.6     0.3     0.5     0.6     0.8
 Range Low                 -0.4    -0.3    -0.4     0.0    -0.1     0.4
Actual result               0.6     0.0     0.2     0.3     0.2     0.8
 vs median forecast:       -0.4     0.2    -0.2    -0.1     0.2    -0.3
                                 Jun-17  Jul-17  Aug-17  Sep-17  Oct-17
NA-Made Car Sales, mln units, sa    4.0     4.2     4.0     4.6     4.4
NA-MadeTruck Sales, mln units, s    8.8     8.7     8.3     9.6     9.4
AAA gasoline prices ($/gal)       2.329   2.260   2.351   2.661   2.485
 mo/mo pct change                 #N/A     -3.0     4.0    13.2    -6.6
Consumer confidence               117.3   120.0   120.4   120.6   125.9
Conf Bd Buying Plans Next 6 mo:*
 Automobile                        12.6    13.6    12.9    12.1    13.1
 Home                               6.0     6.7     7.3     7.4     6.0
 Major appliance                   52.1    47.7    50.5    53.8    48.9
--
* Respondents answering "yes"
--Kevin Kastner 202-371-2121; email: kkastner@mni-news.com
[TOPICS: MTABLE]