Goldman Sachs provides a look at its forecasts for the US retail sales report on Wednesday, predicting a 0.3% increase in core retail sales in December, slightly ahead of the forecast of 0.2%. Their analysis takes into account various factors, including sales outside stores
Factors affecting core retail sales:
Goldman Sachs ' forecasts were driven by a combination of factors, namely :
- The impact of the end of the covid-19 vaccine promotion process:
The reduction of covid-19 vaccine boosters is expected to have a modest negative impact of 0.1 percentage points on retail trade control growth. This reflects the changing dynamics with the development of the epidemiological situation.
- Forecasts for major retail sales:
Goldman Sachs also expects a 0.6% rise in core retail sales for December, exceeding the agreed estimate of 0.4%. This growth is due to rising car sales, although it is offset by lower gas prices. The results of today's retail sales report may have implications for financial markets, especially in the context of inflation and consumer spending trends.
Investors will be watching the data to gauge the strength of the retail sector and its impact on the U.S. economy.
