It’s almost OK in US springtime, but not good enough. The volume of retail sales rose by 0.9% in March and core sales by 0.4%, both slightly below expectations. PPI rose by 0.2% and core PPI by 0.1%, within predictions.There were high hopes for a significant rebound in the spring, and the outcome is only mediocre, despite an upwards revision of February’s retail sales to just -0.5%.
The USD is down with EUR/USD hitting 1.06 — more coming
Read the rest of the article US retail sales rise 0.9% – below expectations – USD slides