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Retail sales have suffered in recent months, yet economists expect a turnaround Friday when the Commerce Department unveils the latest monthly retail-sales data.
Economists surveyed by the Wall Street Journal predict retail sales rose 0.6% in September, which is a strong reading compared to August’s 0.3% drop. If they’re right, recent sales would blow past the average 0.2% growth recorded over the past 12 months.
There's good reason to think consumers are becoming more willing to part with their cash—predictions for sales excluding volatile items like cars, gasoline and building materials, are expected to increase 0.3% after tumbling for two months in a row, according to TD Securities. [WSJ]
