- Analytics
- News and Tools
- Market News
- US: Retail Sales rise by 3% in January vs. 1.8% expected
US: Retail Sales rise by 3% in January vs. 1.8% expected
- Retail Sales in the US at a stronger pace than expected in January.
- US Dollar Index continues to push higher toward 104.00 after the upbeat data.
Retail Sales in the United States rose by 3% to $697 billion in January, the US Census Bureau reported on Wednesday. This reading followed December's decrease of 1.1% and came in better than the market expectation for an increase of 1.8%.
Retail Sales ex-Autos expanded by 2.3% in the same period, compared to analysts' estimate of +0.8%.
"Total sales for the November 2022 through January 2023 period were up 6.1% from the same period a year ago," the publication further read. "Retail trade sales were up 2.3% from December 2022, and up 3.9% above last year."
Market reaction
The US Dollar gathered strength with the initial reaction and the US Dollar Index was last seen rising 0.65% on the day at 103.93.
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
