Breaking: US Retail Sales rise by 0.3% in February vs. 0.4% expected

FXStreet Team FXStreet

Retail Sales in the US rose by 0.3% on a monthly basis in February to $658.1 billion, the data published by the US Census Bureau showed on Wednesday. This reading fell short of the market expectation for an increase of 0.4%. On a positive note, January's print got revised higher to 4.9% from 3.8%.

"Total sales for the December 2021 through February 2022 period were up 16.0% from the same period a year ago," the publication further read. "The December 2021 to January 2022 percent change was revised from up 3.8% to up 4.9%."

Market reaction

Market participants showed little to no reaction to this report. As of writing, the US Dollar Index was down 0.45% on a daily basis at 98.58.

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FXStreet Team

FXStreet

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