by ForexNewsNow Team on October 15th, 2010

Indicator analysis: U.S. retail sales rise more than forecast

NEW YORK (Forex News Now) – U.S. retail sales rose more than forecast in September, official data showed on Friday in one of the day’s spotlight realtime forex news events.

In a report that quickly became the subject of indicator analysis, the Census Bureau said retail sales rose 0.6 percent month-on-month in September, after rising an upwardly revised 0.7 percent in August.

Analysts had expected growth of 0.3 percent in May, two major currency market trading news outlets reported.

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