US Retail Sales decreased by 0.9%

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Wednesday, Jan 14 2015

Retail and food services sales for December, adjusted for seasonal variation and holiday and trading-day differences, but not for price changes, were $442.9 billion, a decrease of 0.9% from the previous month, but up 3.2% above December 2013. It was also below expected increase of 0.2%. Total sales for the 12 months of 2014 were up 4.0% from 2013. Total sales for the October through December 2014 period were up 4.1% from the same period a year ago.

Core Retail Sales also missed expectations on 0.1%, and decreased by 1.0%. Retail trade sales were down 1.1% from November 2014, but 2.6% above last year. Auto and other motor vehicle dealers were up 9.8% from December 2013 and food services and drinking places were up 8.2% from last year.

After the data USD was pushed lower. Euro is slightly below 1.1820 level, Sterling is few points above 1.5249 area, while Aussie is near 0.8160 level.

More in this category: « EU Court - OMT programme is in line with EU law Australian employment increased by 37,400 »

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