According to our analysis USDJPY and EURUSD moved 13 pips on US Retail Sales data on 17 October 2023.

10081 pips potential performance in 2023 (2022: 9,269)

USDJPY (10 pips)

EURUSD (3 pips)

Charts are exported from JForex (Dukascopy).

Summary of U.S. Retail and Food Services Sales - September 2023

The advance estimates of U.S. retail and food services sales for September 2023 reveal significant insights into the nation's economic activity:

  • Total Sales: Adjusted for seasonal variations, as well as holiday and trading-day differences, total sales for September 2023 reached approximately $704.9 billion. This represents a notable increase of 0.7 percent from the previous month.

  • Year-on-Year Growth: Comparing September 2023 to the same month in 2022, total sales demonstrated substantial growth, showing an increase of 3.8 percent.

  • Quarterly Performance: Analyzing the July 2023 through September 2023 period in comparison to the same period a year earlier, sales exhibited a solid rise of 3.1 percent.

  • August 2023 Revision: The percent change between July 2023 and August 2023 was revised from an initial estimate of 0.6 percent to an upwardly adjusted figure of 0.8 percent.

  • Retail Trade: Retail trade sales in September 2023 increased by 0.7 percent compared to August 2023. Furthermore, retail trade sales saw a positive growth of 3.0 percent in comparison to September 2022.

  • Key Contributors: Nonstore retailers experienced substantial year-on-year growth of 8.4 percent, while food services and drinking places also demonstrated a notable increase of 9.2 percent when compared to September 2022.

These figures provide a snapshot of consumer activity, indicating positive trends in retail and food services sales. The data underscores the resilience and growth of the U.S. economy during this period.

Source: https://www.census.gov/retail/sales.html

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