US: Retail Sales increase by 7.5% in June vs. 5% expected
- 16th July 2020
- Posted by: Hakeem
- Category: FOREX LATEST NEWS DAILY, FUNDAMENTAL ANALYSIS
- Retail Sales in US rose more than expected in June.
- US Dollar Index stays flat on the day above 96.00.
Retail Sales in the United States rose by 7.5% on a monthly basis in June to $524.3 billion, the data published by the US Census Bureau revealed on Thursday. This reading followed May’s surge of 18.2% and came in better than the market expectation of 5%.
“Total sales for the April 2020 through June 2020 period were down 8.1% from the same period a year ago,” the press release read. “Retail trade sales were up 6.4% from May 2020, and 5.0% above last year.”
The US Dollar Index showed no reaction to this data and was last seen flat on the day at 96.05.