Auto Sales Lead US Retail Sales Rebound

April 16, 2018 Share Print 0

U.S. retail sales rebounded in March after three straight monthly declines as households boosted purchases of motor vehicles and other big-ticket items, suggesting consumer spending was heading into the second quarter with some momentum.

Economists saw a limited impact on retail sales for now from a recent ebb in consumer sentiment, citing a robust labor market, which is steadily pushing up wage growth.

Consumer sentiment slipped in early April as households worried about the potential impact of the Trump administration’s trade policies on the economy. Fears of a trade war between China and the United States have roiled financial markets.

via Reuters

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Alfonso Esparza

Senior Currency Analyst at Market Pulse

Alfonso Esparza specializes in macro forex strategies for North American and major currency pairs. Upon joining OANDA in 2007, Alfonso Esparza established the MarketPulseFX blog and he has since written extensively about central banks and global economic and political trends. Alfonso has also worked as a professional currency
trader focused on North America and emerging markets. He has been published by The MarketWatch, Reuters, the Wall Street Journal and The Globe and Mail, and he also appears regularly as a guest commentator on networks including Bloomberg and BNN. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.