US: Retail Sales decline by 3% in February vs -0.5% expected

Retail Sales in US fell more than expected in February.
US Dollar ındex stays in the negative territory below 91.80.

Eren Sengezer FXStreet

Retail Sales in the US fell by 3% in February to $561.7 billion, the data published by the US Census Bureau showed on Tuesday. This reading followed January's increase of 7.6% (revised from 5.3%) and came in worse than the market expectation for a decrease of 0.5%.

"Total sales for the December 2020 through February 2021 period were up 6.0% from the same period a year ago," the publication further read. "Retail trade sales were down 3.1% from January 2021, and up 9.5% above last year."

Market reaction

This report had little to no impact on the USD's performance against its rivals. As of writing, the US Dollar Index was down 0.08% on the day at 91.75.

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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