Dollar Rallies After US Retail Sales Rebounds Strongly in March

Advance Estimates of U.S. Retail and Food Services
Advance estimates of U.S. retail and food services sales for March 2019, adjusted for seasonal variation
and holiday and trading-day differences, but not for price changes, were $514.1 billion, an increase of 1.6
percent (±0.5 percent) from the previous month, and 3.6 percent (±0.7 percent) above March 2018. Total
sales for the January 2019 through March 2019 period were up 2.9 percent (±0.7 percent) from the same
period a year ago. The January 2019 to February 2019 percent change was unrevised from down 0.2
percent (±0.2 percent)*.
Retail trade sales were up 1.7 percent (±0.5 percent) from February 2019, and 3.5 percent (±0.5 percent)
above last year. Nonstore retailers were up 11.6 percent (±1.4 percent) from March 2018, while sporting
goods, hobby, musical instrument, and book stores were down 9.7 percent (±2.5 percent) from last year.

 

Census Bureau

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Ed Moya

Ed Moya

Senior Market Analyst at OANDA
With more than 20 years’ trading experience, Ed Moya is a market analyst with OANDA, producing up-to-the-minute fundamental analysis of geo-political events and monetary policies in the US, Europe, the Middle East and North Africa. Over the course of his career, he has worked with some of the world’s leading forex brokerages and research departments including Global Forex Trading, FX Solutions and Trading Advantage. Most recently he worked with TradeTheNews.com, where he provided market analysis on economic data and corporate news. Based in New York, Ed is a regular guest on several major financial television networks including BNN, CNBC, Fox Business, and Bloomberg. He is often quoted in leading print and online publications such as the Wall Street Journal and the Washington Post. He holds a BA in Economics from Rutgers University. Follow Ed on Twitter @edjmoya ‏
Ed Moya