Retail sales in the United States grew by 0.6% month-over-month in August , following 1.2% gain in July and below market expectations of 1.0% rise.
Sales rose the most for food services and drinking, clothing furniture, and building materials and garden equipment. Retail sales excluding autos increased 0.7 % month-over-month in August from 1.9% growth in July, below analysts’ estimates of a 0.9 % gain.
US retail sales rise less than expected in August. Source: Macrobond, XTB
EURUSD saw relatively small reaction to today’s data releases. The most popular currency pair continues to trade around 1.1875 level. Source: xStation5
BREAKING: US Retail Sales below expectations
Sep 16, 2020