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macroJul 16, 2026, 11:19 AM

TD Securities Forecasts US June Retail Sales at 0.0% MoM

TD Securities expects June US Retail Sales to be flat month-on-month, below the consensus estimate of 0.2%, with weakness in the control group, falling gasoline prices, and a drop in food services.

TD Securities' macro team projects US June Retail Sales will stagnate at 0.0% month-on-month, missing the consensus forecast of 0.2%.

The weakness is expected to be led by the control group, while gasoline sales turn negative due to declining prices. Food services are also seen falling, though these are partly offset by strong auto sales.

The report highlights mixed signals in consumer spending ahead of the official data release.

Source: FXStreet Forex News