Retail sales in the United States fell 16.4% on a monthly basis in April to $ 403.9 billion, data released by the US Census Bureau revealed on Friday.
This reading followed a 8.3% drop in March (revised from 8.4%) and turned out to be worse than market expectations of -12%. Further details on the publication revealed that non-auto retail sales fell 16.4%.
“Total sales for the period from February 2020 to April 2020 have decreased by 7.7% compared to the same period a year ago,” the publication continues.
the US dollars The index largely ignored this data and was last seen gaining 0.14% on the day at 100.40. Meanwhile, the S&P 500 futures have extended the daily decline and are now down 1.1% on a daily basis.