Breaking: US Retail Sales rebound sharply in March, up 9.8%
|Retail Sales in the US surged by 9.8% in March to $619.1 billion, the data published by the US Census Bureau showed on Thursday. This reading followed February's contraction of 2.7% and surpassed the market expectation of 5.9% by a wide margin.
"Total sales for the January 2021 through March 2021 period were up 14.3% from the same period a year ago," the publication further read.
Additionally, Retail Sales Control Group jumped to +6.9% from -3.4% during the same period.
Market reaction
The greenback's reaction to this report was largely muted and the US Dollar Index was last seen trading flat on the day at 91.62.
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