01:30 PM GMT, United States - Retail Sales Data for January:
-
US Retail Sales: -0.9% MoM; forecast -0.2% MoM; previous 0.7% MoM;
-
Core Retail Sales: -0.4% MoM; forecast 0.3% MoM; previous 0.7% MoM
-
US Import Prices MoM: 0.3% (Forecast 0.4%, Previous 0.1%, Revised 0.2%)
-
US Export Prices MoM: 1.3% (Forecast 0.3%, Previous 0.3%, Revised 0.5%)
The US retail sales report for January points to lower than expected US households spending, signalling that higher CPI and PPI report may be more temporary. On the other hand, weaker consumption with higher inflation (if constant) is negative factor, also for equity markets.
Source: xStation5
US OPEN: Wall Street declines deepens
The Michigan Sentiment Index highlights concerns about a short-term spike in U.S. inflation💡
Economic Calendar: A Calm End to the Week for Markets
Consumer sentiments fall in Germany and France amid rising energy prices