US Retail Sales were unchanged at $705.2 billion in April

Retail Sales in the US were virtually unchanged in April.
US Dollar Index stays deep in negative territory below 105.00.

Eren Sengezer FXStreet

The US Census Bureau reported on Wednesday that Retail Sales in the US were virtually unchanged on a monthly basis at $705.2 billion in April. This reading followed the 0.6% increase recorded in March and came in below the market expectation of 0.4%.

"Total sales for the February 2024 through April 2024 period were up 3.0% from the same period a year ago," the press release read. "Retail trade sales were virtually unchanged from March 2024, but up 2.7% above last year. Nonstore retailers were up 7.5% from last year, while food services and drinking places were up 5.5% from April 2023."

Market reaction

The US Dollar stays under bearish pressure following the disappointing Retail Sales data. At the time of press, the US Dollar Index was down 0.37% on the day at 104.65.

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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