US: Retail Sales decline by 0.7% in December vs. 0 expected
|- Retail Sales in the US continued to fall in December.
- US Dollar Index stays in the positive territory near 90.50.
Retail Sales in the US fell by 0.7% in December to $540.9 billion, the data published by the US Census Bureau showed on Friday. This reading followed November's decline of 1.4% (revised from 1.1%) and came in worse than the market expectation of no-change.
Additional takeaways
"Total sales for the October 2020 through December 2020 period were up 4.0% from the same period a year ago."
"Retail trade sales were down 0.3% from November 2020 but 6.3% above last year."
Market reaction
This report was largely ignored by market participants and the US Dollar Index was last seen gaining 0.24% on the day at 90.45.
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