Dollar Mixed Ahead Of US Retail Sales

Dollar Mixed Ahead Of US Retail Sales

With auto sales rebounding strongly, the Commerce Department released a report on Monday showing retail sales in the USA increased by more than anticipated in the month of March. Economists had expected retail sales to rise by 0.4 percent.

Auto sales gained two per cent, the biggest increase in six months. Total retail sales in the first quarter of 2018 were up as well, by 4.1 percent compared with the same quarter in 2017.

Excluding the volatile auto sector, sales were up 0.2 per cent, matching an analyst forecast and the same increase recorded in February.

Economists saw a limited impact on retail sales for now from a recent ebb in consumer sentiment, citing a robust labour market, which is steadily pushing up wage growth.

The March results build on improvement seen in February, which was up 0.2 percent over January and 4.3 percent year over year. Gasoline Stations were up 9.7% from March 2017, while Nonstore Retailers were up 9.7% from a year ago.

Read the Census release.

Karnataka elections: BJP releases second list of 82 candidates
Khan on Monday hit out at the party leadership over ticket distribution for the forthcoming assembly elections in the state. It is yet to announce who will take on CM Siddaramaiah in Chamundeshwari and the CM's son Yathindra in Varuna.

Last month's pick-up in core retail sales did little to change expectations of a sharp slowdown in consumer spending in the first quarter.

"We remain upbeat for the coming months", he added.

Consumer spending, which accounts for more than two-thirds of USA economic activity, grew at a robust 4.0 percent annualised rate in the fourth quarter.

Meanwhile, sales dropped at building material & garden equipment supplies dealers, clothing and accessories stores and sporting goods hobby, books and music. The survey's measure of future business conditions dropped to a more than two-year low.

"This is a healthy spending report despite market volatility, unseasonable weather and uncertain economic policies", NRF Chief Economist Jack Kleinhenz said in a statement.

Related Articles

  • Former Steelers LB James Harrison Announces Retirement

    Former Steelers LB James Harrison Announces Retirement

    Longtime Pittsburgh Steelers linebacker James Harrison is taking a second crack at retirement. He then finished his career by playing in the Super Bowl with the New England Patriots .
    Eagles release CB Daryl Worley shortly after arrest

    Eagles release CB Daryl Worley shortly after arrest

    The 23-year-old was allegedly in possession of a firearm when police found him passed out at the wheel of his auto . Philadelphia did not absorb a financial penalty by cutting Worley and saved $670,000 against the salary cap.
    Tesla Inc (TSLA) Has Been Underreporting Worker Injuries

    Tesla Inc (TSLA) Has Been Underreporting Worker Injuries

    Following the completion of the sale, the director now directly owns 5,600 shares of the company's stock, valued at $1,424,472. Volume is an important indicator in technical analysis as it is used to measure the relative worth of a market move.
  • Exes Bella Hadid And The Weeknd Spotted Kissing At Coachella

    Exes Bella Hadid And The Weeknd Spotted Kissing At Coachella

    Another source reported that the exes: "kissed a couple of times", and were "completely all over each other ". They are just getting back to a good place.
    Animal Feces Found in Counterfeit Makeup

    Animal Feces Found in Counterfeit Makeup

    The Los Angeles Police Department tested the cosmetics and found high levels of bacteria. A similar discovery was made from the cosmetics seized on Thursday.
    Bank of America hits profit high - but investment bank stumbles

    Bank of America hits profit high - but investment bank stumbles

    Scott Burney increased its stake in Bank Amer Corp ( BAC ) by 104.89% based on its latest 2017Q4 regulatory filing with the SEC. Earnings per share rose by 38 per cent to $0.62, above the $0.59 predicted by analysts according to consensus expectations.
  • Gas prices go back up in Baton Rouge after one week reprieve

    Gas prices go back up in Baton Rouge after one week reprieve

    Tennessee gas prices are the most expensive since last September, when prices were recovering from Hurricane Irma. Meanwhile, demand for gasoline in the United States is essentially flat from past year .
    Sensex Tanks 293 Points On Weak Asian Cues; Infy Falls 4%

    Sensex Tanks 293 Points On Weak Asian Cues; Infy Falls 4%

    Meanwhile, the Nifty was trading lower by 26.70 points or 0.25% at 10,453.90 with 26 components falling. In the broader market, the BSE Midcap was little changed, while the BSE Smallcap gained 0.4 per cent.
    Beyonce's Coachella set includes Destiny's Child reunion

    Beyonce's Coachella set includes Destiny's Child reunion

    Each university will select its own finalists and victor , with winners set to be announced sometime this summer. Those scholarships were in commemoration of the one-year anniversary of the singer's visual album, "Lemondae".
  • Guardiola's side among Premier League's greatest teams

    Manchester City , who had bounced back after a week of dismal performances trounced Tottenham Hotspur 3-1 on Saturday. They were on course to go the whole league season unbeaten before losing 4-3 to Liverpool at Anfield in January.
    Shenmue I and II are coming to current gen platforms

    Shenmue I and II are coming to current gen platforms

    Sega confirmed the news at Sega Fest 2018, saying these action-adventure classics will be making their way to PS4 in Japan. The third installment in the series ran a successful Kickstarter campaign and is expected to be out later this year.
    China: Outcry forces Sina Weibo to reverse anti-gay 'clean-up' policy

    China: Outcry forces Sina Weibo to reverse anti-gay 'clean-up' policy

    On Monday, the company abruptly announced that it would no longer clamp down on gay content. The posting was viewed almost 6.5 million times.