Data released by the US Census Bureau revealed on Friday that US Retail Sales decreased 1% MoM in March, up to 691.700 million dollars. This reading followed the 0.2% contraction in February (revised from -0.4%) and was worse than the market forecast for a 0.4% decline.
Retail sales without cars fell 0.8% in the same period, compared to -0.3% estimate by analysts.
“Retail sales were down 1.2% from February 2023, but were up 1.5% above last year,” the publication further reads. “Non-store retail was up 12.3% from last year, while foodservice and beverage outlets were up 13.0% from March 2022.”
market reaction
After a quick fall in immediate market reaction, the DXY Dollar Index reversed direction and is now up 0.15% on the day at 101.15.
Source: Fx Street
I am Joshua Winder, a senior-level journalist and editor at World Stock Market. I specialize in covering news related to the stock market and economic trends. With more than 8 years of experience in this field, I have become an expert in financial reporting.
