Investing.com – Retail sales in the U.S. rose more-than-expected in October, official data showed on Tuesday.
In a report, the U.S. Census Bureau said that retail sales rose by a seasonally adjusted 0.5% in October, beating expectations for a 0.4% increase.
Retail sales rose by an unrevised 1.1% in September.
Core retail sales, which exclude automobile sales, rose more-than-expected, climbing by 0.6%, above expectations for a 0.2% gain.
Core retail sales for September were revised down to a 0.5% gain from a previously reported 0.6% increase.
Following the release of the data the U.S. dollar remained higher against the euro, with EUR/USD slumping 0.63% to trade at 1.3548.
Meanwhile, stock index futures held on to losses following the data. The Dow Jones Industrial Average futures pointed to a loss of 0.4%, S&P 500 futures shed 0.25%, while the Nasdaq 100 futures indicated a decline of 0.35%.
In a report, the U.S. Census Bureau said that retail sales rose by a seasonally adjusted 0.5% in October, beating expectations for a 0.4% increase.
Retail sales rose by an unrevised 1.1% in September.
Core retail sales, which exclude automobile sales, rose more-than-expected, climbing by 0.6%, above expectations for a 0.2% gain.
Core retail sales for September were revised down to a 0.5% gain from a previously reported 0.6% increase.
Following the release of the data the U.S. dollar remained higher against the euro, with EUR/USD slumping 0.63% to trade at 1.3548.
Meanwhile, stock index futures held on to losses following the data. The Dow Jones Industrial Average futures pointed to a loss of 0.4%, S&P 500 futures shed 0.25%, while the Nasdaq 100 futures indicated a decline of 0.35%.