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U.S. retail sales fall less-than-expected in May

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Forex Pros - Retail sales in the U.S. fell less-than-expected in April, declining for the first time in 11 months, official data showed on Tuesday.

In a report, the U.S. Census Bureau said that retail sales dipped by a seasonally adjusted 0.2% in May, after rising by 0.3% in April, whose figure was revised down from 0.5%.

Analysts had expected retail sales to decline by 0.7% in May.

Core retail sales, which exclude automobile sales, rose slightly more-than-expected, climbing by 0.3% in May, beating expectations for a 0.2% increase.

The previous month's figure was revised down to 0.5% from 0.6%.

Following the release of the data the U.S. dollar was down against the euro, with EUR/USD rising 0.28% to trade at 1.4454.

Meanwhile, the outlook for U.S. equity markets was broadly higher. The Dow Jones Industrial Average futures pointed to a gain of 0.75%, S&P 500 futures rallied 1.05%, while the Nasdaq 100 futures indicated an increase of 0.85%.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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