- Analytics
- News and Tools
- Market News
- Breaking: US Retail Sales decline by 1% in March vs. -0.4% expected
Breaking: US Retail Sales decline by 1% in March vs. -0.4% expected
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."
Market reaction
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.
© 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
