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The coming week is set to be a busy one in terms of clues to the economy's direction, with data on retail sales coming out on Tuesday and the government announcing the latest figures on consumer prices on Thursday.
ON THE AGENDA | Data on retail sales in July is out at 8 30 a.m.
Data on retail sales and car registrations have picked up a little.
Anxiety about the talks between Democrats and Republicans was enough to offset encouraging data on retail sales and jobless claims.
This week's clues -- the latest data on retail sales, industrial production and the consumer price index -- seem likely to add up to another dose of mixed signals.
A clearer picture of the Chinese economy is expected Sunday, when the government releases data on retail sales, industrial output and inflation.
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However, Slice's data is third-party data – it collects information on retail transactions by analyzing the emails of those who have its Shopping app installed, or who use the Unroll.Me service to unsubscribe from emails.
"It will be interesting if analysts, who got scorched on the trade data, dial down their expectations for next week's data dump on retail sales, GDP, industrial production and fixed asset investment," Ahern says.
For me this is the most positive data point on retail overall that I have come across since early 2007.
ShopperTrak, a retail research firm, has forecast the slowest holiday sales growth since 2009, and last week's data on September retail sales showed American shoppers were cautious.
Official data on August retail sales will be released next week.
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