US: Retail Sales rose 0.5% in May vs. 0.6% expected

Eren Sengezer FXStreet

The data published by the U.S. Census Bureau showed that Retail Sales in May on a monthly basis increased by 0.5% to fall slightly short of the market expectation of 0.6%. With the initial market reaction, the US Dollar Index edged higher and was last up 0.18% on the day at 97.20.

"Total sales for the March 2019 through May 2019 period were up 3.6% from the same period a year ago. The March 2019 to April 2019 percent change was revised from down 0.2% to up 0.3%," the U.S. Census Bureau said in its publication.

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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