US: Retail Sales rise by 0.3% in August vs. 0% expected

Retail Sales in the US rose modestly in August.
US Dollar Index holds above 109.50 after the data.

Eren Sengezer FXStreet

Retail Sales in the US stayed increased by 0.3% to $683.3 billion in August, the data published by the US Census Bureau showed on Thursday. This reading followed July's decrease of 0.4% (revised from 0%) and came in better than the market expectation for a no-change.

Further details of the report revealed that Retail Sales ex Autos were down by 0.3%.

"Total sales for the June 2022 through August 2022 period were up 9.3% from the same period a year ago," the publication read. "The June 2022 to July 2022 percent change was revised from virtually unchanged to down 0.4%."

Market reaction

The US Dollar Index showed no immediate reaction to these figures and was last seen trading flat on the day at 109.68.

Author

Eren Sengezer

FXStreet

As an economist at heart, Eren Sengezer specializes in the assessment of the short-term and long-term impacts of macroeconomic data, central bank policies and political developments on financial assets.

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