US: Core retail sales to bounce back 0.4% in January - TDS

Analysts at TD Securities are expecting that notably weak auto and gasoline sales are likely to drive US headline retail sales 0.5% lower in January, following the sharp 1.2% m/m decline in the prior month.

Key Quotes

“Headline ex-auto sales should come in flat for the month. On a positive note, we anticipate core retail sales to bounce back 0.4% m/m after December's unexpected 1.7% tumble.”