US Retail Sales Index report
| Release Date | Retail Sales Change (in percentage) | Forecast (in percentage) | Previous (in percentage) | Market Reaction |
| 18/6/2024 | 0.3 | 0 | ||
| 15/5/2024 | 0 | 0.4 | 0.6 | Negative |
What is the US retail sales index?
The US Retail Sales Index is one of the major economic indicators in the United States and is used to measure the volume of sales in the country’s retail sector including supermarkets, convenience stores and online stores. This indicator is an accurate indicator of the health of the US retail sector and consumer spending activity in the US.
The US retail sales index is very important for traders in the forex market, as it is used to analyze the impact of consumer spending on the movements of the US dollar and other currency exchange rates.
If the outgoing US retail sales reading is higher than expected, this is a positive sign for the US economy and boosts demand for the US dollar. This can lead to strong movements in the forex market, as the price of the US dollar increases against other currencies. This is also positive for American companies and increases profit opportunities, and indicates strong economic growth that contributes to improving the general economic situation in the country.
If the outgoing US retail sales index is less than expected, this is a negative sign for the US economy and leads to a decline in the value of the US dollar and an increase in the value of other currencies. This can lead to negative movements in the forex market, as the price of the US dollar decreases against other currencies. This is also considered negative for US companies and leads to lower profit opportunities, and indicates a slowdown in economic growth and a decline in the general economic situation in the country.
How does the US retail sales index affect the trading of the US dollar in the forex market?
The US Retail Sales Index is one of the main economic indicators in the United States, and reflects the volume of sales in the retail sector, including supermarkets, convenience stores, and online stores. This indicator is an accurate indicator of consumer spending activity in the United States, which makes it very important for analyzing economic trends in the country, especially with regard to the trading of the US dollar in the forex market.
If the US retail sales index exceeds expectations, this indicates active growth in the US economy and raises confidence in the US dollar, which pushes its appreciation in the forex market against other currencies. Conversely, if the US retail sales index is lower than expected, this indicates a slowdown in economic growth and negatively affects the US dollar, which pushes down its value in the forex market against other currencies.
Forex traders use the US retail sales index as an analytical tool to forecast the movement of the US dollar. This indicator can significantly affect the movements of other currencies in the forex market, as it is used as an indicator of inflation and consumer demand in the United States.
The authority responsible for issuing the US retail sales index
The US Retail Sales Index is released by the Bureau of Economic Analysis of the US Department of Commerce. It is a leading indicator of sales volume in the US retail sector, and includes sales data for department stores, convenience stores, and online stores. This index is released monthly about two weeks after the end of each month, and is updated periodically on the US Department of Commerce website.
The US Retail Sales Index data is collected from various sources across the United States, and analyzed and processed by the Bureau of Economic Analysis to issue a final report showing the volume of sales in the retail sector. This report is used by investors and traders in the forex market to analyze the impact of consumer spending on the movements of the US dollar and other currency exchange rates.
The release date of the US Retail Sales Index
Released monthly, about 16 days after the end of the month.
