Investing.com – Retail sales in the U.S. rose unexpectedly in June, after declining for the first time in 11 months in May, official data showed on Thursday.
In a report, the U.S. Census Bureau said that retail sales rose by a seasonally adjusted 0.1% in June, confounding expectations for a flat reading.
The previous month’s figure was revised to a decline of 0.1% from a previously reported decline of 0.2%.
Core retail sales, which exclude automobile sales, were unexpectedly flat in June, compared to expectations for a 0.1% gain.
Core retail sales for May were revised down to a 0.2% gain from 0.3%.
Following the release of the data the U.S. dollar was down against the euro, with EUR/USD climbing 0.35% to trade at 1.4214.
Meanwhile, stock index futures added to gains following the data. The Dow Jones Industrial Average futures pointed to a gain of 0.2%, S&P 500 futures rose 0.35%, while the Nasdaq 100 futures indicated an increase of 0.55%.
In a report, the U.S. Census Bureau said that retail sales rose by a seasonally adjusted 0.1% in June, confounding expectations for a flat reading.
The previous month’s figure was revised to a decline of 0.1% from a previously reported decline of 0.2%.
Core retail sales, which exclude automobile sales, were unexpectedly flat in June, compared to expectations for a 0.1% gain.
Core retail sales for May were revised down to a 0.2% gain from 0.3%.
Following the release of the data the U.S. dollar was down against the euro, with EUR/USD climbing 0.35% to trade at 1.4214.
Meanwhile, stock index futures added to gains following the data. The Dow Jones Industrial Average futures pointed to a gain of 0.2%, S&P 500 futures rose 0.35%, while the Nasdaq 100 futures indicated an increase of 0.55%.