The Chicago Fed's preliminary nowcast of retail & food services sales (ex autos) growth in October is 0.3% MoM and 4.2% YoY, which would be most unchanged from growth of 4.2% YoY in September.

• The nowcast is based on positive contributions from transactions (+20 bps) and Census data (+15 bps), while foot traffic & sentiment made a negative contribution of -6 bps.
• The nowcast for retail & food services sales (ex autos) price growth is 0.1% MoM and 1.9% YoY.
• The inflation-adjusted nowcast of retail sales is 0.2% MoM as price growth is forecasted to be weaker than the rise in sales.