US: Retail Sales increase by 7.5% in June vs. 5% expected

Retail Sales in US rose more than expected in June.
US Dollar Index stays flat on the day above 96.00.

Eren Sengezer FXStreet

Retail Sales in the United States rose by 7.5% on a monthly basis in June to $524.3 billion, the data published by the US Census Bureau revealed on Thursday. This reading followed May's surge of 18.2% and came in better than the market expectation of 5%.

"Total sales for the April 2020 through June 2020 period were down 8.1% from the same period a year ago," the press release read. "Retail trade sales were up 6.4% from May 2020, and 5.0% above last year."

Market reaction

The US Dollar Index showed no reaction to this data and was last seen flat on the day at 96.05.

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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