Retail Sales in the United States saw a modest increase of 0.1% in August, reaching $710.8 billion, according to data released by the US Census Bureau on Tuesday. This slight rise exceeded the market forecast of a 0.2% decline and followed the robust 1.1% growth reported in July.
Key Data Highlights:
Retail Sales excluding Autos also increased by 0.1%, although this came in below analysts' expectations of a 0.2% rise.
Sales for the period from June through August were 2.3% higher compared to the same period last year, demonstrating continued consumer resilience despite economic uncertainties.
Market Reaction: Following the release of this better-than-expected data, the US Dollar Index (DXY) gained ground and was last seen trading up 0.08% on the day at 100.78.
This slight uptick in retail sales points to sustained consumer spending, although some categories underperformed relative to expectations.
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