US: Retail sales likely rose 0.4% m/m in November – Danske Bank

Analysts at Danske Bank, notes that in terms of data releases, US retail sales data for November are due which will be keenly watched by the investors in addition to the FOMC meet.

Key Quotes

“We estimate the retail sales control group (which feeds into GDP) rose 0.4% m/m in November, so Q4 seems like another strong quarter for private consumption. With consumer confidence at a high level, we expect private consumption to continue to be the main growth engine in the US.”