13 May 2015
US data suggests Q2 recovery is on track – BBH
FXStreet (Barcelona) - With US retail sales expected to rebound by 0.5%, the Brown Brothers Harriman Team notes that the payrolls and consumption data supports a Q2 US recovery.
Key Quotes
“The focus of the North American session will be on the April retail sales report. The market may look past a soft headline figure and focus on the GDP components. A small pullback in auto sales and cheap gasoline may weigh on the headline.”
“Recall that the March rise of 0.9% was the strongest in a year. The GDP component rose 0.3% in March after falling for three months.”
“The consensus expects a 0.5% increase in April. With the bounce back in non-farm payrolls in April, stronger consumption suggests that the economy is recovering in Q2 from what looks like a contraction in Q1.”
Key Quotes
“The focus of the North American session will be on the April retail sales report. The market may look past a soft headline figure and focus on the GDP components. A small pullback in auto sales and cheap gasoline may weigh on the headline.”
“Recall that the March rise of 0.9% was the strongest in a year. The GDP component rose 0.3% in March after falling for three months.”
“The consensus expects a 0.5% increase in April. With the bounce back in non-farm payrolls in April, stronger consumption suggests that the economy is recovering in Q2 from what looks like a contraction in Q1.”