US: Retail Sales increased by 0.2% in November vs. 0.5% expected
- Retail Sales in US rose less than expected in November.
- US Dollar Index continues to move sideways below 97.
Retail Sales in the United States increased by 02.% to $528 billion on a monthly basis in November, the advanced data published by the US Census Bureau showed on Friday. This reading came in below the market expectation for an increase of 0.5%.
"Total sales for the September 2019 through November 2019 period were up 3.5% from the same period a year ago," the publication further read."The September 2019 to October 2019 percent change was revised from up 0.3% to up 0.4%."
The US Dollar Index's reaction was muted to the data and the US Dollar Index was last up 0.13% on the day at 96.85.
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.
