Investing.com – Retail sales in the U.S. rose more-than-expected in August, official data showed on Tuesday.
In a report, the U.S. Census Bureau said that retail sales rose by a seasonally adjusted 0.4% in August, after rising 0.3% in July, whose figure was revised down from 0.4%.
Analysts had expected retail sales to increase by 0.3% in August.
Core retail sales, which exclude automobile sales, rose by a seasonally adjusted 0.6% in August, after rising 0.1% in July, whose figure was revised down from 0.2%.
Analysts had expected core retail sales to increase by 0.3% in August.
Following the release of the data the U.S. dollar was up against the euro, with EUR/USD shedding 0.16% to hit 1.2859.
Meanwhile, U.S. futures indexes pointed lower: the Dow Jones Industrial Average futures indicated a dip of 0.12%, S&P 500 futures pointed to slide of 0.17% and Nasdaq 100 futures indicated a fall of 0.27%.
In a report, the U.S. Census Bureau said that retail sales rose by a seasonally adjusted 0.4% in August, after rising 0.3% in July, whose figure was revised down from 0.4%.
Analysts had expected retail sales to increase by 0.3% in August.
Core retail sales, which exclude automobile sales, rose by a seasonally adjusted 0.6% in August, after rising 0.1% in July, whose figure was revised down from 0.2%.
Analysts had expected core retail sales to increase by 0.3% in August.
Following the release of the data the U.S. dollar was up against the euro, with EUR/USD shedding 0.16% to hit 1.2859.
Meanwhile, U.S. futures indexes pointed lower: the Dow Jones Industrial Average futures indicated a dip of 0.12%, S&P 500 futures pointed to slide of 0.17% and Nasdaq 100 futures indicated a fall of 0.27%.