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U.S. Retail Sales rose by 0.2%

Tuesday, Sep 15 2015
Retail sales in the U.S. climbed for a second straight month, a sign consumers may be looking past recent volatility in financial markets. The 0.2% increase in August followed a 0.7% gain in July that was larger than previously reported, Commerce Department figures showed Tuesday in Washington. The median forecast of 84 economists called for a 0.3% advance.
 
Separate report on Empire State Manufacturing Index, missed market forecasts. The September 2015 Empire State Manufacturing Survey indicates that business activity declined for a second consecutive month for New York manufacturers. The headline general business conditions index remained well below zero at -14.7. Analysts were predicting decline to -0.5. 
 
As in August, declines were reported for both orders and shipments, with the new orders index coming in at -12.9 and the shipments index registering -8.0. The inventories index slipped a point to -18.5, indicating a continuing drop in inventory levels. 
 
Euro is currently being traded few points above 1.1260 level, Sterling is around 1.5350 area, while Aussie is slightly below 0.71 handle.
 
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