According to data released by the US Commerce Department on Wednesday, US retail sales in April unexpectedly fell by 0.2% from the previous month, the lowest since February (down 0.3%), and is expected to increase by 0.2%. After the data was released, the US dollar index did not fluctuate.
Detailed data shows that US retail sales in April fell 0.2% from the previous month, and are expected to increase by 0.2%. The previous value increased by 1.6% to 1.7%. US retail sales in April (excluding cars) increased by 0.1% from the previous month, and are expected to increase by 0.7%. The previous value increased by 1.2%. US April retail sales (except cars andgasoline) The chain fell by 0.2%, is expected to increase by 0.3%, and the previous value increased by 0.9%.
Kaitou Macro AmericaAnalystAndrew Hunter said that US retail sales data in April was lower than expected, and sales of auto dealers and parts declined. As the fiscal stimulus effect of last year has gradually subsided, the cost of borrowing has risen, in the second half of this year.GDPGrowth may be dragged down.
(Article Source:Oriental wealthSecurities Research Institute)