Retail sales in the United States increased 0.2% month on month in June to $689.5 billion. According to figures released by the US Census Bureau on Tuesday. This report came in below the market’s forecast of a 0.5% gain. On the plus side, the 0.3% growth rate recorded in May was raised up to 0.5%.
Sales Ex-Autos increased 0.2% in the same period, compared to the 0.3% predicted by experts.
“Total sales from April 2023 to June 2023 were up 1.6% (0.4 percent) from the same period last year,” the US Census Bureau added in a news statement. “Retail trade sales were up 0.2% (0.5%) from May 2023, and up 0.5% (0.5%) from the previous year.”
Retail sales reaction on Market
The United States Dollar With the first reaction, the index rose somewhat but stayed below 100.00. Meanwhile, the benchmark 10-year US Treasury bond yield remains below 3.8%, while US stock index futures are trading slightly lower on the day.
