US: Retail Sales increase by 0.6% in June vs. -0.4% expected

• Retail Sales in US rose modestly in June.
• US Dollar Index clings to modest daily gains near 92.70.

Retail Sales in the US rose by 0.6% to $621.3 billion in June following May's contraction of 1.7% (revised from -1.3%), the data published by the US Census Bureau revealed on Friday. This reading came in better than the market expectation for a decline of 0.4%.

"Total sales for the April 2021 through June 2021 period were up 31.5% from the same period a year ago," the publication further revealed. "Retail trade sales were up 0.3% from May 2021 and up 15.6% above last year."

Market reaction

The US Dollar Index showed no immediate reaction to this report and the US Dollar Index was last seen gaining 0.15% on a daily basis at 92.69.