US RETAIL SALES DECLINE BY 0.8% IN JANUARY VS. -0.1% EXPECTED
- Retail Sales in the US declined at a stronger pace than expected in January.
- US Dollar Index stays in negative territory below 104.50 after the data.
Retail Sales in the US declined by 0.8% to $700.3 billion in January, the US Census Bureau reported on Thursday. This reading came in weaker than the market expectation for a decrease of 0.1%. Retail Sales ex Autos contracted by 0.6% in the same period.
"Total sales for the November 2023 through January 2024 period were up 3.1% (±0.5 percent) from the same period a year ago," the publication read. "The November 2023 to December 2023 percent change was revised from up 0.6% (±0.5 percent) to up 0.4% (±0.3 percent)."
Disclaimer: The content above represents only the views of the author or guest. It does not represent any views or positions of FOLLOWME and does not mean that FOLLOWME agrees with its statement or description, nor does it constitute any investment advice. For all actions taken by visitors based on information provided by the FOLLOWME community, the community does not assume any form of liability unless otherwise expressly promised in writing.
FOLLOWME Trading Community Website: https://www.followme.com
Hot
No comment on record. Start new comment.