USD gets US Retail Sales boost

March 13, 2012 Share Print 0

Customer demand improved in 11 of the 13 U.S. industry categories. The overall figure increase by 1.1 percent from the previous month, and a significant 6.5 percent from the same month last year. Building materials and gasoline stations had double digit increases (13.8% and 10.3% respectively).

Compared to February 2011 the retail sales report from the U.S. Census Bureau showed growth in all areas, which can signal a recovery that has been hinted in other economic indicator releases.

You can find the full report here: U.S. Census Bureau Retail Trade Report

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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.