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US Retail Sales increased by 0.7%

Thursday, Dec 11 2014

U.S. retail and food services sales for November, adjusted for seasonal variation were $449.3 billion, an increase of 0.7% from the previous month, and 5.1% above November 2013. It was also much better than expected raise by 0.1%.  Total sales for the September through November 2014 period were up 4.7% from the same period a year ago.  Core Retail Sales were up by 0.5%. Auto and other motor vehicle dealers were up 9.5% from November 2013 and nonstore retailers were up 8.7% from last year. 

 

Separate report on Unemployment Claims showed that in the week ending December 6, the advance figure for seasonally adjusted initial claims was 294,000, a decrease of 3,000 from the previous week's unrevised level of 297,000. Analysts were predicting a smaller decrease to 297,000. The 4-week moving average was 299,250, an increase of 250 from the previous week's unrevised average of 299,000.  

 

After the data USD gained against its major rivals. Euro is currently being traded few points above 1.2430 level, Sterling is slightly below 1.5690 area, while Aussie is around 0.8270 level.

More in this category: « ECB Targeted LTRO at €129.8 billion China Industrial Production grew at a slower pace than expected »

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