U.S. retail sales likely to have grown strongly in September

U.S. retail sales data for the month of September is set to release tomorrow. According to a TD Economics research report, the retail sales is expected to have grown 0.4 percent. The strong growth is likely due to the possible solid gain of 0.4 percent in key control group, as consumer fundamentals stay sound.

“A steady rise in core sales coupled with another solid gain in auto purchases should more than offset a decline in sales at gasoline stations, which reflects a new drop in gasoline prices in September”, added TD Economics.