US Retail Sales rise 0.3% in November vs. -0.1% expected
- US Retail Sales rose by 0.3% in November, compared to the -0.1% of market consensus.
- Core Retail Sales increased by 0.2%, and Control Group Sales by 0.4%.
- The US Dollar rose following Retail Sales data and the weekly Jobless Claims report.
Retail Sales in the US rose 0.3% on a monthly basis in November to $705.7 billion, the data published by the US Census Bureau showed on Thursday. This reading followed the 0.2% decline (revised from -0.1%) recorded in October and came in better than the market expectation of a 0.1% decline.
Retail Sales Ex-Autos rose 0.2% in the same period, compared to analysts' estimate of a 0.1% slide. Retail Sales Control Group increased 0.4%.
Market reaction
The US Dollar recovered some ground following the Retail Sales report and the weekly Jobless Claims figures. The US Dollar Index (DXY) rose from monthly lows to the 102.50 area. European Central Bank President Christine Lagarde will deliver a press conference at 13:45 GMT.
Author
Matías Salord
FXStreet
Matías started in financial markets in 2008, after graduating in Economics. He was trained in chart analysis and then became an educator. He also studied Journalism. He started writing analyses for specialized websites before joining FXStreet.
