Investing.com – Retail sales in the U.S. rose less-than-expected in April, official data showed on Thursday.
In a report, the U.S. Census Bureau said that retail sales rose by a seasonally adjusted 0.5% in April, after rising by 0.9% in March, whose figure was revised up from 0.4%.
Analysts had expected retail sales to increase by 0.5% in April.
The report added that core retail sales, which exclude automobile sales, rose broadly in line with expectations in April, climbing by 0.6% after rising by 1.2%, whose figure was upwardly revised from 0.8%.
Following the release of the data the U.S. dollar was up against the euro, with EUR/USD shedding 0.21% to hit 1.4161.
Meanwhile, the outlook for U.S. equity markets was broadly lower. The Dow Jones Industrial Average futures pointed to a loss of 0.45%, S&P 500 futures indicated a drop of 0.55%, while the Nasdaq 100 futures pointed to a decline of 0.65%.
In a report, the U.S. Census Bureau said that retail sales rose by a seasonally adjusted 0.5% in April, after rising by 0.9% in March, whose figure was revised up from 0.4%.
Analysts had expected retail sales to increase by 0.5% in April.
The report added that core retail sales, which exclude automobile sales, rose broadly in line with expectations in April, climbing by 0.6% after rising by 1.2%, whose figure was upwardly revised from 0.8%.
Following the release of the data the U.S. dollar was up against the euro, with EUR/USD shedding 0.21% to hit 1.4161.
Meanwhile, the outlook for U.S. equity markets was broadly lower. The Dow Jones Industrial Average futures pointed to a loss of 0.45%, S&P 500 futures indicated a drop of 0.55%, while the Nasdaq 100 futures pointed to a decline of 0.65%.