Goldman Sachs expects core retail sales to rise in April as consumers frontloaded purchases ahead of impending tariffs, while headline retail sales are likely to remain flat due to weak auto sales and falling gas prices.
Key Points:
Core retail sales forecast: +0.4% m/m, driven by precautionary spending ahead of expected tariff-related price increases.
Headline retail sales forecast: Unchanged, as lower auto sales and gasoline prices offset strength elsewhere.
Tariff impact emerging: Consumer behavior appears responsive to trade policy developments, with early signs of demand shifting forward.
Conclusion:
Goldman sees the April retail sales report as an early reflection of tariff-driven consumer behavior, supporting resilient core demand but masking it under flat headline numbers due to sector-specific drags.
The US retail sales report is due out Thursday at 8:30 am ET.
For bank trade ideas, check out eFX Plus. For a limited time, get a 7 day free trial, basic for $79 per month and premium at $109 per month. Get it here.
This article was written by Adam Button at www.forexlive.com. Read More Details
Finally We wish PressBee provided you with enough information of ( Goldman Sachs: April US retail sales likely to show frontloading boost )
Also on site :
- Children evacuated from Swindon school after threats of ‘suspicious package’
- Patrick Mahomes says ‘cut the cameras’ in emotional locker room scenes as new Kansas City Chiefs doc trailer is released
- Anna Camp's Instagram Story about Jade Whipkey Sparks Dating Buzz