Investing.com – Retail sales in the U.S. were flat in August, official data showed on Wednesday.
In a report, the U.S. Census Bureau said that retail sales were flat in August, confounding expectations for a 0.2% gain.
July’s figure was revised down to a 0.3% gain from a previously reported 0.5% increase.
Core retail sales, which exclude automobile sales, rose less-than-expected, inching up 0.1%, below expectations for a 0.2% gain.
Core retail sales for May were revised down to a 0.3% gain from 0.5%.
Following the release of the data the U.S. dollar was down against the euro, with EUR/USD climbing 0.3% to trade at 1.3720.
Meanwhile, stock index futures held on to gains following the data. The Dow Jones Industrial Average futures pointed to a gain of 0.35%, S&P 500 futures rose 0.5%, while the Nasdaq 100 futures indicated an increase of 0.6%.
In a report, the U.S. Census Bureau said that retail sales were flat in August, confounding expectations for a 0.2% gain.
July’s figure was revised down to a 0.3% gain from a previously reported 0.5% increase.
Core retail sales, which exclude automobile sales, rose less-than-expected, inching up 0.1%, below expectations for a 0.2% gain.
Core retail sales for May were revised down to a 0.3% gain from 0.5%.
Following the release of the data the U.S. dollar was down against the euro, with EUR/USD climbing 0.3% to trade at 1.3720.
Meanwhile, stock index futures held on to gains following the data. The Dow Jones Industrial Average futures pointed to a gain of 0.35%, S&P 500 futures rose 0.5%, while the Nasdaq 100 futures indicated an increase of 0.6%.