United States - Retail Sales Data for May:
- Retail Sales: Actual: -0.9% MoM; forecast -0.5% MoM; previous 0.1% MoM;
- Core Retail Sales: Actual: -0.3% MoM; forecast 0.2% MoM; previous 0.1% MoM;
- Import Price Index: Actual: 0% MoM; forecast -0.2% MoM; previous 0.1% MoM;
- Export Price Index: Actual: -0.9% MoM; forecast -0.1% MoM; previous 0.1% MoM;
The general decline in retail sales (-0.9%) is in line with analysts' expectations, who predicted a weakening of demand in May 2025, although the magnitude of the decline is much greater. The report for May 2025 indicates a weakening of retail sales in the USA, with a noticeable decline in the automotive and construction sectors.
US short-term interest rate futures trim earlier gains after the retail sales data, traders stick to a September rate cut view.
Source: XTB
Source: xStation
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