Home/Forex News Round Up/USD

US Retail Sales Rise in September

Share Print 1

The release was unexpected as analysts had forecasted a 2.4% decline in sales. Discount stores and Value oriented chains have reported better than expected profits.

Retailers have posted consecutive declines in monthly same-store sales since September 2008, when Lehman Brothers’ bankruptcy triggered a global financial crisis. In the previous month, retailers had notched up a 0.2 per cent gain.

From next month, year-on-year sales comparisons will start to look more favourable as stores will be comparing data with the period last year when consumer spending went into freefall.

Times Online

This article is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Corporation or any of its affiliates, subsidiaries, officers or directors. Leveraged trading is high risk and not suitable for all. You could lose all of your deposited funds.

Alfonso Esparza

Alfonso Esparza

Senior Currency Analyst at Market Pulse
Alfonso Esparza specializes in macro forex strategies for North American and major currency pairs. Upon joining OANDA in 2007, Alfonso Esparza established the MarketPulseFX blog and he has since written extensively about central banks and global economic and political trends. Alfonso has also worked as a professional currency trader focused on North America and emerging markets. He has been published by The MarketWatch, Reuters, the Wall Street Journal and The Globe and Mail, and he also appears regularly as a guest commentator on networks including Bloomberg and BNN. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.
Alfonso Esparza

@alfonso_forex

Back to Top