US Retail Sales stay virtually unchanged at $704.3 billion in June

Retail Sales in the US held steady above $700 billion in June.
US Dollar Index clings to modest daily gains above 104.00.

Eren Sengezer FXStreet

Retail Sales in the US remained virtually unchanged at $704.3 billion in June, the US Census Bureau reported on Tuesday. This reading followed the 0.3% increase (revised from 0.1%) recorded in May and came in line with the market expectation. Retail Sales ex Autos grew 0.4% in the same period.

"Total sales for the April 2024 through June 2024 period were up 2.5% from the same period a year ago," the Census Bureau further noted in its press release. "The April 2024 to May 2024 percent change was revised from up 0.1% to up 0.3%."

Market reaction

The US Dollar Index edged slightly higher with the immediate reaction and was last seen rising 0.1% on the day at 104.35.

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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