Retail Sales data for March to be Unveiled Today

Retail Sales data for March to be Unveiled Today

The market will be anticipating for the release of the Retail Sales data for March on Monday at 12:30 GMT. The crucial data that reflects a change in the US Retail Sales will be announced by the US Census Bureau. The release will have impacts on the Fed rate path. If there is an increase in the readings of the indicator, it will have a positive effect on the value of the US dollar quotes. Retail Sales is also considered for the estimation of inflation. Henceforth, the market analysts and participants dealing with American currency will eagerly be waiting for the announcement of the indicator.

The indicator measures total retail sales of products and services in the US, besides giving insights into consumer spending habits. Financial experts are estimating them to have a rise of 0.2% and when it was disclosed on 14th Mar 2024 at 12:30%, it had an increase of 0.6%, in place of the expected decline of 0.2%.

The US to Disclose its Retail Inventories

The Census Bureau will be revealing the Retail Inventories on Monday at 14:00 GMT and is expected to be 0.5% by top economists. Market participants who are associated with the consumer sector of the market and those trading in the US dollar quotes are recommended to make a note of the changes in the readings of the indicator before making any drastic market decisions. It is said so as the Retail Inventories allows in determining the production activity in the near term.