HALISTER1: U.S. ECO PREVIEW: Empire/Retail Sales Due in 5 Minutes

U.S. ECO PREVIEW: Empire/Retail Sales Due in 5 Minutes

(Bloomberg) -- Following are forecasts for today’s economic releases as compiled by Bloomberg News.
  • Empire 18; range 10 to 27 (40 estimates)
    • The New York Fed’s index “is due for a correction in September after surging to the highest level in almost three years”; even so “the overall trend should continue pointing to improving conditions in the industry”: Bloomberg Intelligence
    • In August, the index increased to 25.2 from July’s 9.8
  • Retail sales 0.1% m/m; range -0.3% to 0.7% (76 estimates)
  • Retail ex-autos 0.5% m/m; range 0% to 0.9% (67 estimates)
  • Retail ex-auto/gas 0.3% m/m; range -0.2% to 0.5% (15 estimates)
  • Retail control 0.2% m/m; range -0.2% to 0.6% (28 estimates)
    • “August retail sales will be sharply impacted by Hurricane Harvey. The headline will be depressed by a steep decline in auto sales resulting from lost selling days at the end of the month”: Bloomberg Intelligence
    • In July, sales advanced 0.6 percent, the largest increase since December
To contact the reporters on this story: Alex Tanzi in Washington at atanzi@bloomberg.net; Vincent Del Giudice in Denver at vdelgiudice@bloomberg.net To contact the editors responsible for this story: Alex Tanzi at atanzi@bloomberg.net Kristy Scheuble

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