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

1:35 PM 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
 
Share:
Back

Join over 1 600 000 XTB Group Clients from around the world

The financial instruments we offer, especially CFDs, can be highly risky. Fractional Shares (FS) is an acquired from XTB fiduciary right to fractional parts of stocks and ETFs. FS are not a separate financial instrument. The limited corporate rights are associated with FS.
This page was not created for investors residing in Brazil. This brokerage is not authorized by the Comissão de Valores Mobiliários (CVM) or the Brazilian Central Bank (BCB). The content of this page should not be characterized as an investment offer in Brazil or for investors residing in that country.
Losses can exceed deposits