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Retail sales rise more than expected in September

The September retail sales in the US showed a rise that exceeded expectations in all areas. Overall sales rose 1.9%, above the 0.7% market consensus and marking an acceleration with respect to the rise of 0.6% in August. Was the rise steepest in three months. Compared to a year ago, sales rose 5.4%, this being the highest rate since December of last year.

The sales without taking into account cars advanced 1.5%, surpassing the average expectation of analysts of 0.5%. In August they were up 0.5% (revised from 0.7%).

The control group sales they climbed 1.4%, surpassing the 0.2% of the market consensus and showing a recovery after the fall of 0.3% in August (revised from -0.1%).

The dollar it was not affected by the data in the market and remained weak against the main European currencies and those linked to commodities.

Credits: Forex Street

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