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Retail Sales (MoM) (US)

Event Date: Wednesday, August 17, 2022
Event Time: 12:30 CET

Sales Expected to Slow to 0.2%

Updated Friday, August 12, 2022
We have seen some volatile numbers for retail sales. In May we saw a 17.7% surge as the country reopened and in June the increase was at 7.5%, but the pace of the increase slowed in July for both, core and headline sales and again in August, but in September we saw a reversal in the trend as sales increased by 1.9%. In October the increase slowed to 0.3%, while sales declined in November and December. They jumped by 5.3% in January but declined by 3% in February, although increased by nearly 10% again in March. In April they came flat at 0% while in May core sales declined by 0.7% and headline sales by 1.3%. In August we saw a decline but sales have been positive since then and are expected to increase by 0.2% in April after a 0.5% in March. In May we saw a 0.3% decline while June came at 1.0%. July is expected to slow to 0.2%. Please follow us for live coverage in real-time of the event by experienced analysts. 

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About Retail Sales (MoM) (US)
Released by the U.S. Census Bureau, Retail Sales (MoM) is an aggregate measure of activity in the retail sector. It is calculated as a percentage change and made available to the public on a monthly basis.The Retail Sales report is widely viewed as a barometer of consumer confidence and spending. Higher than expected levels are interpreted as being positive for the U.S. economy and USD. A lagging or negative release is bearish toward the USD.
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Louis van der Merwe
Louis van der Merwe
3 years ago

So the greenback is going to lose some ground?

Skerdian Meta
Editor
3 years ago

The Buck lost around 15 pips on the headline number, but is reversing back up now since the control group was solid.

Hezekiah
3 years ago

If EU/USD will be volatile,does it mean that go Bulish or Bearish?

Skerdian Meta
Editor
3 years ago
Reply to  Hezekiah

Volatile means there will be action, but it may be on both sides, such as the small jump in EUR/USD, which is now reversing back down.

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