U.S. Dollars Lose Momentum Ahead of the Retail Sales Release, Supply Chain Disruption a Big Constrain.

The US retail sales released last month shows a positive rapid sales increase by 0.7% driven by a surge in online purchases. In the growth trajectory, the sales figure rebounded from the previous low of -1.8% before gaining a strong footing.
In the progression, the month of October is riding on the same lane as back-to-school shopping is likely boosting sales. This will likely offset the projection for a sharp slow in economic recovery in the fourth quarter.
Unfortunately, the automobile sector is currently hit hard by sell shortage driven by an Inventory shortage. Due to this, Economic analysts have estimated its gross domestic product to drop low in this quarter. Resurgence in Covid-19 infections fueled by the Delta Variant coronavirus played a role. Blue-chip technology sectors are not left out in the retail sales decline as they are constrained by microchip supply shortage leading to supply chain disruption.

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https://actmarkets.com/u-s-dollars-...ease-supply-chain-disruption-a-big-constrain/
 

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