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The Advance Monthly Sales For.......>

US DATA PREVIEW
US DATA PREVIEW: The Advance Monthly Sales For Retail And Food Services will be
released at the bottom of the hour 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 the 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.

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