US data pack including retail sales and PPI inflation data for October was released at 1:30 pm GMT today. Data was expected to show small month-over-month declines in headline and core retail sales, as well as deceleration in headline PPI inflation.
Actual data showed an unexpected pick-up in core retail sales as well as smaller-than-expected drop in headline sales. Headline PPI inflation slowed more than expected. New York Fed index also turned out to be much better than expected.
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Open account Try demo Download mobile app Download mobile appUS dollar moved lower in a knee-jerk move but this drop was short-lived and now the greenback is trading higher compared to pre-announcement levels.
US retail sales for October
- Headline: -0.1% MoM vs -0.3% MoM expected (+0.7% MoM previously)
- Ex-autos: +0.1% MoM vs -0.1% MoM expected (+0.6% MoM previously)
US PPI inflation for October
- Headline: 1.3% YoY vs 1.9% YoY expected (2.2% YoY previously)
- Core: 2.4% YoY vs 2.7% YoY expected (2.7% YoY previously)
New York Fed index for November: 9.1 vs -2.5 expected (-4.6 previously)
Source: xStation5
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