US retail sales to rebound by 1.3% in May – Nomura

FXStreet (Barcelona) - Research Analysts at Nomura expect the US retail sales number to see a strong above consensus expectations rebound in May.

Key Quotes

“We forecast that headline retail sales rebounded strongly in May by 1.3% after remaining unchanged in April. We expect core retail sales, a better gauge of underlying consumer spending activity, to increase by 0.5% in May, suggesting a gradual rebound.”