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US DATA PREVIEW: The Advance Monthly Sales For Retail And Food Services will be
released Tuesday and the outlook is for a 0.3% rise for overall retail sales and
a 0.5% rise ex-auto, based on an MNI survey of analysts. MNI's Data team note
history of analysts' misses in April suggests that both the headline and ex-auto
estimates face a small downside risk. In the past 20 years, analysts have
overestimated April retail sales 11 times, and underestimated only six times.
This trend continues in more recent history, with overestimates in three of the
last four years. For the full report please see MNI Main Wire 1840BST.