The US retail sales have grown 3% monthly in January, surpassing the estimated 1.8% increase and improving on December’s 1.1% drop. This is the first rise after two consecutive months of declines, also being the largest increase recorded in a year, since January 2022.
retail sales excluding vehicles increased by 2.3% in January, improving on the 0.8% rise forecast by consensus and the 0.7% drop seen the previous month.
Control of the retail sector rose 1.7% versus +0.3% estimate and -0.7% in December.
dollar reaction
He Dollar Index (DXY) it is up nearly 30 pips on the data, rising to 103.97, a new 5 1/2-week high, since January 6. At time of writing, the greenback is trading above 103.96, gaining 0.69% daily.
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.
