US: Retail Sales rise by 1.9% in September vs. 0.7% expected

Retail Sales in US rose more than expected in September.
US Dollar Index stays in the negative territory near 93.60.

Eren Sengezer FXStreet

Retail Sales in the US rose by 1.9% on a monthly basis in September to $549.3 billion, the data published by the US Census Bureau showed on Friday. This reading followed August's increase of 0.6% and came in better than the market expectation of 0.7%.

Additional takeaways

"Total sales for the July 2020 through September 2020 period were up 3.6% from the same period a year ago."

"Retail trade sales were up 1.9% from August 2020, and 8.2% above last year."

"Nonstore retailers were up 23.8%from September 2019, while building material and garden equipment and supplies dealers were up 19.1% from last year."

Market reaction

The US Dollar Index showed no immediate reaction to this report and was last seen losing 0.22% on the day at 93.58.

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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