US Retail Sales rise 0.7% in November vs. 0.5% expected

• Retail Sales in the US rose at a stronger pace than expected in November.
• US Dollar Index stays in daily range near 107.00.

Retail Sales in the US rose 0.7% to $724.6 billion in November, the US Census Bureau reported on Tuesday. This reading followed the 0.4% increase recorded in October and came in better than the market expectation for an increase of 0.5%.

Retail Sales ex Autos increased 0.2% in the same period, falling short of the market expectation of 0.4%.

"Total sales for the September 2024 through November 2024 period were up 2.9%, from the same period a year ago,"  the press release read. "The September 2024 to October 2024 percent change was revised from up 0.4 percent to up 0.5 percent."

Market reaction

This report failed to trigger a noticeable market reaction. At the time of press, the US Dollar Index was up 0.05% on the day at 106.90.