Investing.com – Retail sales in the U.S. rose less-than-expected in March, official data showed on Wednesday.
In a report, the U.S. Census Bureau said that retail sales rose by a seasonally adjusted 0.4% in March, after rising by 1.1% in February, whose figure was revised up from 1.0%.
Analysts had expected retail sales to increase by 0.5% in March.
The report added that core retail sales, which exclude automobile sales, rose broadly in line with expectations in March, climbing by 0.8% after rising by 1.1%, whose figure was revised up from 0.7%.
Following the release of the data the U.S. dollar was down against the euro, with EUR/USD gaining 0.09% to hit 1.4490.
Meanwhile, U.S. futures indexes pointed to a higher open. The Dow Jones Industrial Average futures indicated a gain of 0.54%, S&P 500 futures pointed to a rise of 0.73%, while the Nasdaq 100 futures were up 0.83%.
In a report, the U.S. Census Bureau said that retail sales rose by a seasonally adjusted 0.4% in March, after rising by 1.1% in February, whose figure was revised up from 1.0%.
Analysts had expected retail sales to increase by 0.5% in March.
The report added that core retail sales, which exclude automobile sales, rose broadly in line with expectations in March, climbing by 0.8% after rising by 1.1%, whose figure was revised up from 0.7%.
Following the release of the data the U.S. dollar was down against the euro, with EUR/USD gaining 0.09% to hit 1.4490.
Meanwhile, U.S. futures indexes pointed to a higher open. The Dow Jones Industrial Average futures indicated a gain of 0.54%, S&P 500 futures pointed to a rise of 0.73%, while the Nasdaq 100 futures were up 0.83%.