The US Census Bureau reported on Tuesday that retail sales in the United States increased 0.4% in April to $686.1 billion. This report follows a 0.7% (updated from -0.6%) fall in March and fell short of the 0.7% gain expected by the market.
Ex-Autos climbed 0.4% in the same period, as projected.
“Total sales for the period February 2023 through April 2023 were up 3.1% from the same period a year ago,” the US Census Bureau added in a news statement. “Retail trade sales were up 0.4% from March 2023 and 0.5% higher than the previous year.”
Retail sales reaction on market
With the first reaction, the US Dollar Index pushed marginally higher and turned positive for the day around 102.50.
