Breaking: US Retail Sales decline by 1% in March vs. -0.4% expected
…
This is a premium post.
[s2If !current_user_can(access_s2member_level4)]Please register for PREMIUM VERSION HERE to read full post below containing analysis. In case of any error or you think you are not able to read the full post below, please email us at support#nehcap.com [lwa][/s2If] [s2If current_user_can(access_s2member_level4)]
The data published by the US Census Bureau revealed on Friday that Retail Sales in the United States declined 1% on a monthly basis in March to $691.7 billion. This reading followed February’s contraction of 0.2% (revised from -0.4%) came in worse than the market expectation for a decrease of 0.4%.
Retail Sales Ex-Autos fell by 0.8% in the same period, compared to analysts’ estimate of -0.3%.
“Retail trade sales were down 1.2% from February 2023, but up 1.5% above last year,” the publication further read. “Nonstore retailers were up 12.3% from last year, while food services and drinking places were up 13.0% from March 2022.”
Following a quick decline with the immediate market reaction, the US Dollar Index reversed its direction and was last seen rising 0.15% on the day at 101.15.
[/s2If]
Join Our Telegram Group
