Retail Sales 14/4/2022

This article includes a look at the US retail sales index with the expected rate of today's data and a look at the previous data for this indicator

Retail sales determine the value of sales at the retail level, and traders keep an eye on the retail sales report as it is one of the first indicators published in the month about consumer behavior, so the market is sensitive to any surprises from this report, and retail sales also make up a large part of consumption It is the main driver of the economy and has a significant impact on GDP

US retail sales rose 0.3% monthly in February 2022, easing from an upwardly revised 4.9% jump in January and less than market expectations of a 0.4% rise, as higher inflation curbed purchasing power. Sales at gas stations posted the largest increase (5.3%) as gasoline prices rose about 7% last month, but excluding gas stations, retail sales fell 0.2%. Further increases in sales were also seen in food services and drinking places (2.5%) as omicron infections subsided; miscellaneous department store retailers (1.9%); sporting goods, hobbies, music and libraries (1.7%); clothing (1.1%); building materials and garden equipment (0.9%); and car dealers (0.8%). On the other hand, the retail sales of out-of-store retailers decreased (-3.7%); Health and wellness stores

Expectations for today's data are 2.1%
If the index is issued for a rate higher than expectations, this will affect the currency in a positive way and vice versa
The statement will be issued at 3:30 pm local time

Tags : USD