- Retail sales rise 1% against the 0.8% expected.
- May sales hike revised from -0.3% to -0.1%.
- The dollar rises for only a few minutes after the data.
The retail sales they increased 1% in June, a figure that was above the expected increase of 0.8% of the market consensus. In turn, the figures for May were revised upwards from -0.3% to -0.1%.
Excluding vehicles, sales had an increase of 1%, higher than the 0.6% expected, and the increase of 0.6% in May (revised from 0.5%).
The retail sector control group sales they climbed 0.8%, also above the 0.3% expected and representing a recovery after May’s 0.3% drop (revised from 0.0%).
The economic calendar shows ahead the industrial production report and the preliminary July consumer confidence report.
The dollar rose modestly after the data, but then returned to pre-data levels and was about to hit new lows.
Source: Fx Street
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