BREAKING: US Retail Sales for April fall at a record pace !

13:35 15 May 2020
Retail sales in the US plunged 16.4% month-over-month in April of 2020, worse than market forecasts of a 12.0% drop. The March figure slumped to a record low of -8.7% It is the biggest decline on record, in a sign that the coronavirus impact on the economy may be harder than anticipated. 
 
Ex autos and gas -16.2% vs -7.6% expected
Ex autos -17.2% vs -8.5% expected
Control group -15.3% vs -5.0% expected
Prior control group 0.0% (revised to -0.2%)

The modern retail sales data series dates back to 1992 and this is double the worst fall on record. All the headlines are ghastly with the control group also plunging.
EURUSD is trading slightly higher   after publication of today’s retail sales report. The most popular currency pair is heading towards 1.0843 resistance. Source: xStation5
 

This content has been created by XTB S.A. This service is provided by XTB S.A., with its registered office in Warsaw, at Prosta 67, 00-838 Warsaw, Poland, entered in the register of entrepreneurs of the National Court Register (Krajowy Rejestr Sądowy) conducted by District Court for the Capital City of Warsaw, XII Commercial Division of the National Court Register under KRS number 0000217580, REGON number 015803782 and Tax Identification Number (NIP) 527-24-43-955, with the fully paid up share capital in the amount of PLN 5.869.181,75. XTB S.A. conducts brokerage activities on the basis of the license granted by Polish Securities and Exchange Commission on 8th November 2005 No. DDM-M-4021-57-1/2005 and is supervised by Polish Supervision Authority.

Back

Join over 1.6 Million investors from around the world