US: Retail sales declined 0.3% in September vs. +0.3% expected

Eren Sengezer FXStreet

The United States (US) Census Bureau on Wednesday reported that retail sales in September fell to $525.6 billion in September to represent a 0.3% decline from August. This reading also missed the market expectation for an increase of 0.3% by a wide margin.

The disappointing reading weighed on the Greenback and the US Dollar Index was last down 0.06% on the day at 98.25.

"Total sales for the July 2019 through September 2019 period were up 4.0% from the same period a year ago," the publication read. "The July 2019 to August 2019 percent change was revised from up 0.4% to up 0.6%."

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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