US: Retail Sales rise by 0.3% in August vs. 0% expected

• Retail Sales in the US rose modestly in August.
• US Dollar Index holds above 109.50 after the data.

Retail Sales in the US stayed increased by 0.3% to $683.3 billion in August, the data published by the US Census Bureau showed on Thursday. This reading followed July's decrease of 0.4% (revised from 0%) and came in better than the market expectation for a no-change.

Further details of the report revealed that Retail Sales ex Autos were down by 0.3%. 

"Total sales for the June 2022 through August 2022 period were up 9.3% from the same period a year ago," the publication read. "The June 2022 to July 2022 percent change was revised from virtually unchanged to down 0.4%."

Market reaction

The US Dollar Index showed no immediate reaction to these figures and was last seen trading flat on the day at 109.68.