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.

Eren Sengezer FXStreet

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.

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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