US: Retail Sales Stagnate in July, Control Group Sales Rise More Than Expected

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  • Retail sales in the US register zero advance in July against 0.1% expected.
  • Sales of the control group and without taking into account vehicles climb more than expected.
  • The dollar remains firm in the market.

The retail sales recorded stagnated in July, with an increase of 0.1% expected. June figures were revised from 1% to 0.8%.

The retail control group sales they were up 0.8%, higher than the 0.6% market consensus and 0.7% in June. Without taking vehicles into account, the increase was 0.4%being that the average expectation was for a fall of 0.1%.

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The dollar extended the advance to some of the market after the retail sales data. The next key event that the calendar shows is the publication of the minutes of the last meeting of the Federal Reserve in hours of the second half of the American session.

Source: Fx Street

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