MNI reporting latest client note from Barclays on the retails data due at 12.30 GMT
- see gains in core sales and autos partially offset by a decline in gasoline station sales.
- Retail prices for regular gasoline and diesel fuel fell throughout the month, which we expect to have dragged nominal station sales almost 3% lower.
- Elsewhere, lightweight vehicle sales were up 1.4% in August, suggesting a gain for motor vehicle dealers.
- Along with a 0.3% m/m rise in core sales and an expected increase in
restaurant sales, these components imply a 0.2% gain in total retail sales for August."
On the NY Empire State mftg index they have this to say:
Empire State manufacturing index "to rise to 0.0 in September, indicating that regional manufacturing is stabilizing after the index plunged in August. New orders fell sharply, to -15.7, last month in the third monthly decline for the series, while shipments reversed their solid readings with a print of -13.8. Such sharp declines in the survey are typically followed by a bounce, and we look for the headline index to rise to a neutral reading at the end of Q3."
