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Dismal retail sales dump optimism

SPX News by Newsroom on 08:32 November 15, 2017 EST

US retail sales increased by 0.2% in the month of October, far below the 1.6% anticipated. Core Retail Sales m/m were even more dissapointing at 0.1% as a 1.2% increase was expected.

To add insult to injury prices were higher as Core CPI m/m came at 0.2% above the 0.1% estimate.

The dollar loses ground against most currencies after the news release and stock indices turn slightly lower.


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