US Business Inventories without change on a monthly basis, retail sales unexpectedly rose

Business Inventories in the United States remained unchanged during March, at the amount of 1.270 trillion US dollars and mismatched the estimation of 0.3% increase. Additionally, it became clear, that the gross amount of US business sales declined at rate of 1.1% during March in confirmation of the uncertainty around economic recovery. Business Inventories data showed no change of the indicator in the production sector during March, while inventories in the retail trade segment diminished at 0.5% and rose at 0.4% in the wholesale sector.

Yesterday afternoon the US retail sales report for April was carried out and announced a 0.1% increase on a monthly basis, giving a breath of optimism, that consumer demand might be on the path of recovery. Cars and construction materials indicated a rise, as well as sales in clothing and online shops. The estimated value for this fundamental was -0.2%. With the publication of this news the eur/usd cross fell to 1.2941, but within the next few minutes regained its positions up to 1.2977-80 dollars per euro.