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