The US retail sales grew 0.3% in Novemberand, as reported by the United States Census Bureau. The data has improved market expectations, which expected a drop of 0.1%. As a counterpart, the October result has been revised downwards, from -0.1% to -0.2%.
Excluding vehicles, the indicator has fallen 2.8%, worsening the expected 2.7% decline. The October figure has been revised upwards, with an increase of 0.7% compared to the 0.4% published a month ago
The retail sector control group is up 0.4% after being at 0% the previous month (revised down from 0.2%).
dollar reaction
The Dollar Index (DXY) has risen slightly following the data, standing at 102.55. At the time of writing, the Dollar is trading around 102.51, losing 0.43% 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.
