Investing.com – Retail sales in the U.S. rose more-than-expected in October, official data showed on Monday.
In a report, the U.S. Census Bureau said that retail sales rose by a seasonally adjusted 1.2% in October, after rising by 0.7% in September, whose figure was revised up from 0.6%.
Analysts had expected retail sales to increase by 0.7% in October.
The report added that core retail sales, which exclude automobile sales, rose in line with expectations, increasing by a seasonally adjusted 0.4% in October, after rising by 0.5% in September, whose figure was revised up from 0.4%.
Following the release of the data the U.S. dollar was up against the euro, with EUR/USD shedding 0.42% to hit 1.3634.
Meanwhile, U.S. futures indexes pointed to a higher open: the Dow Jones Industrial Average futures indicated a rise of 0.21%, S&P 500 futures pointed to an increase of 0.38% and Nasdaq 100 futures indicated a gain of 0.49%.
In a report, the U.S. Census Bureau said that retail sales rose by a seasonally adjusted 1.2% in October, after rising by 0.7% in September, whose figure was revised up from 0.6%.
Analysts had expected retail sales to increase by 0.7% in October.
The report added that core retail sales, which exclude automobile sales, rose in line with expectations, increasing by a seasonally adjusted 0.4% in October, after rising by 0.5% in September, whose figure was revised up from 0.4%.
Following the release of the data the U.S. dollar was up against the euro, with EUR/USD shedding 0.42% to hit 1.3634.
Meanwhile, U.S. futures indexes pointed to a higher open: the Dow Jones Industrial Average futures indicated a rise of 0.21%, S&P 500 futures pointed to an increase of 0.38% and Nasdaq 100 futures indicated a gain of 0.49%.