Fiper | Retail Sales

Retail Sales

Retail Sales Statement It determines the value of sales at the retail level, and is one of the first indicators published in the month about consumer behavior, so the market is sensitive to any surprises from this report
US retail sales rose 1.3% month-on-month in October 2022, the strongest increase in eight months, after a flat reading in September and exceeding market expectations for a 1% increase. Sales at car dealers rose 1.3% as supply chain constraints eased while higher gasoline costs drove sales at petrol stations up 4.1%. Excluding gasoline and automobiles, retail sales rose 0.9%. Other increases in sales were also seen in food and beverage services (1.6%), food and beverage stores (1.4%), out-of-store retailers (1.2%), furniture (1.1%), building materials (1.1%), and health and personal care. (0.5%). On the other hand, electronics sales declined (-0.3%); sporting goods, hobbies, music and books (-0.3%); and general merchandise stores (-0.2%). October data indicated resilient consumer spending, despite rising inflation and higher borrowing costs. Retail sales are not adjusted for inflation

Outlook for today's retail sales statement and how it will affect the currency

The estimate for today's statement is -0.2%.
In the event that the statement is issued at a rate higher than expectations, it affects the currency positively, and vice versa

Core Retail Sales

The core retail sales index is derived from retail sales, in which the vehicle sales component is omitted. Retail sales excluding this rapidly changing component are thought to be the best indicator of the underlying trend of consumption. Car sales constitute approximately 25% of retail sales, but they may change rapidly from one month to another, which may distort the image of the general index.
Retail sales excluding automobiles in the United States rose 1.3 percent month-on-month in October 2022, the most since May and well above market expectations for a 0.4 percent increase.

Outlook for today's core retail sales statement and how it will affect the currency

The estimate for today's statement is 0.2%.
In the event that the statement is issued at a rate higher than expectations, it affects the currency positively, and vice versa