Retail sales soar 9.8% in March, beating expectations

The dollar did not register significant changes in the market after knowing mostly better data than expected from the US Among these, Retail sales stands out, showing an increase of 9.8% in March, being that the consensus was for a rise of 5.9%; in February there had been a fall of 2.7% (revised up from -3%). It is the highest monthly rise since May of last year.

The retail control group sales they rose 6.9%, above the 6.2% expected and showing a recovery after the 3.4% fall of the previous month (revised from -3.5%). The sales without taking into account vehicles it rose 8.4%, well above the 5% market consensus.

At the same time, there was a rise in the Empire manufacturing index and a fall in the initial requests for unemployment benefits. The NAHB Industrial Production Report and Real Estate Market Index will be released later.

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