Retail Sales in the US fell by 1.3% to $620.2 billion in May following April’s expansion of 0.9% (revised from 0%), the data published by the US Census Bureau revealed on Tuesday. This reading came in weaker than the market expectation for a decrease of 0.8%.
Further details of the publication revealed that the Retail Sales Control Group declined by 0.7% in the same period and Retail Sales Ex-autos contracted by 0.7%.
Market reaction
These figures don’t seem to be having a significant impact on the USD’s performance against its rivals. As of writing, the US Dollar Index was up 0.15% on the day at 90.63.
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