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US retail sales rose by 1.2%, jobless claims still below 300,000

Thursday, Jun 11 2015
U.S. retail and food services sales for May were $444.9 billion, an increase of 1.2% from the previous month, and 2.7% above May 2014. Analysts were anticipating smaller increase by 1.1% Total sales for the March 2015 through May 2015 period were up 2.1% from the same period a year ago. Retail trade sales were up 1.4% from April 2015, and 2.0% above last year. Motor vehicle and parts dealers were up 8.2% from May 2014 and food services and drinking places were up 8.2% from last year. Core Retail Sales also beat expectations on increase by 0.9% and rose 1.3%.
 
Separate report on Unemployment Claims showed that in the week ending June 6, the advance figure for seasonally adjusted initial claims was 279,000, an increase of 2,000 from the previous week's revised level. The 4-week moving average was 278,750, an increase of 3,750 from the previous week's revised average. The previous week's average was revised up by 250 from 274,750 to 275,000.  
 
After the data USD was pushed higher. Euro is currently being traded few points above 1.1230 level, Sterling is around 1.5470 area, while Aussie is at 0.7730 level. We can expect further USD uptrend in the rest of the session.
More in this category: « Euro lower in a steadier European part of the session Is it time to sell Aussie? »

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