U.S Retail Sales Rose in October – November Report

Retails and foods services sales slightly inclined in October compared to September 2011, and were 0.5% above the sales at October 2010.

The U.S. Department of Commerce issued its monthly report on the change in the U.S. retail and food sales during October 2011.

This report adjusts for seasonal variances but controls for price changes. In October, the U.S. retail and food sales reached $397.7 billion, which is higher by 0.5% above the sales in September. The gasoline stations sales were 15.6% higher in October 2011 than a year earlier but 0.4% lower than in September 2011. Total sales of gasoline in the past ten month in 2011 reached $447.645 billion (not adjusted for seasonality) – an increase of 19% from the parallel time in 2010. This shows a slow but steady increase in the U.S demand for retail and consequently for commodities.

The major commodities prices are currently traded slightly up, while the major exchange rates such as the Euro US dollar is traded down in the forex exchange rate market.

Current Nymex crude oil price, short term futures (December 2011 delivery) is traded slightly up by 0.67% to $98.80 per barrel as of 15:25*.

Current Brent spot oil price inclines by $0.10/b to $112.27 / barrel as of 15:35*.

Current gold price, short term futures (December 2011 delivery) is traded at $1,784.2 per t oz. a $5.8 increase as of 15:18*.

Euros to US dollar exchange rate is currently traded down at 1.3556 a 0.5641% decrease as of 15:32*.

(* GMT)

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