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US Retail Sales -1.9% vs 0% Forecasted

US Retail Sales -1.9% vs 0% Forecasted

Kaithleen Pesantez, Contributor

Retail Sales -1.9 versus 0% Forecasted

  • US retail sales released for the month of December
  • Retail Sales actuals revised for prior months

US Retail sales from December -1.9 with initial forecast of 0%. While December Retail sales may have fallen below expectations, there is seasonality associated with holiday months since consumer spending is usually higher. Consumer spending is a large component of GPD and a more precise component is the retail sales control group decreasing by -3.5% vs expected -1.1%. With retail sales released, it completely fell below expectations.

Chart created by Kaithleen Pesantez, Retail Sales December

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.