U.S. retail sales likely to have grown weakly in January

Retail sales in the U.S. are expected to have grown weakly in the month of January. According to a TD Economics research report, retails sales are likely to have risen 0.1 percent in January, held down by motor vehicle sales.

Light weight auto and truck sales retraced to 17.0 million from 17.8 million, indicating towards a huge fall in motor vehicle and parts sales. Gasoline station receipts are expected to have recorded a boost from higher gasoline prices. However, aside from that, a comparatively modest 0.3 percent rise in the control group is expected. Risks are usually to the downside amidst the past collapse in the saving rate.

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