- Retail Sales in US expanded at a softer pace than expected in October.
- US Dollar Index stays in the negative territory below 92.50.
Retail Sales in the US rose by 0.3% on a monthly basis in October to $553.3 billion, the data published by the US Census Bureau showed on Tuesday. This reading followed September’s increase of 1.6% (revised from 1.9%) and missed the market expectation of 0.5%.
Additional takeaways
“Total sales for the August 2020 through October 2020 period were up 5.1% from the same period a year ago.”
“Retail trade sales were up 0.3% from September 2020, and 8.5% above last year.”
“Nonstore retailers were up 29.1% from October 2019, while building material and garden equipment and supplies dealers were up 19.5% from last year.”
Market reaction
The US Dollar Index showed no immediate reaction to this report and was last seen losing 0.3% on the day at 92.35.
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