Retail sales in the USA increased by 0.3% month-over-month, against an expected decline of -0.1% month-over-month. The previous decrease was revised from -0.1% month-over-month to -0.2% month-over-month, so the current rebound might be slightly less surprising. Nonetheless, the data are really solid.
Core sales rose by 0.2% month-over-month, against an expected decline of -0.1% month-over-month, and compared to the previous level of 0.0% month-over-month (here, a positive revision from -0.1% month-over-month).
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Open account Try demo Download mobile app Download mobile appRetail Sales summary:
- Retail Sales MoM Actual 0.3% (Forecast -0.1%, Previous -0.1%, Revised -0.2%)
- Core Retail Sales MoM Actual 0.2% (Forecast -0.1%, Previous 0.1%, Revised 0%)
Jobless Claims:
- Initial Jobless Claims remain at an exceptionally low level. Readings for the last week indicated a decrease again to 202k compared to 220k previously and 220k forecasted.
The dollar reacted with a slight strengthening against the euro to the exceptionally strong data. However, this movement is not significant compared to the movement after today's ECB decision and yesterday's Fed announcement.
Source: xStation 5
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