US Retail Sales rose more than expected in December
|- US Retail Sales rose by 0.6% in December, compared to the 0.4% gain of market consensus.
- Core Retail Sales increased by 0.4%, and Control Group Sales by 0.8%.
Retail Sales in the US rose 0.6% on a monthly basis in December to $709.9 billion, the data published by the US Census Bureau showed on Wednesday. This reading followed the 0.3% gain recorded in November ($706.0 billion) and came in better than the market expectation of a 0.4% gain.
Retail Sales Ex-Autos rose 0.4% in the same period. Retail Sales Control Group increased 0.8%.
Market reaction
The Greenback recovered some ground following the Retail Sales report. The USD Index (DXY) climbed to a new 2024 peak of 103.60.
(This story was corrected on January 17 at 13:47 GMT to say that market expectation was at 0.4%, not 0.3%, while Retail Sales ex-Autos rose 0.4%, not 0.6%.)
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.