US EditionRetail sales rose a better-than-expected 0.6% in November as the holiday season kicked into gear
Holiday shopping boosted U.S. retail sales by 0.6% in November, surpassing economists’ 0.4% forecast, with gains in clothing, online, and sporting goods stores.
- On Wednesday, the Commerce Department said U.S. retail sales rose 0.6% in November, reversing October's downwardly revised 0.1% decline.
- Holiday shopping helped lift sales as shoppers increased spending from October, despite jitters about the economy and a slowing labor market, the Commerce Department said Wednesday.
- Clothing and online sales rose as clothing and accessories stores gained 0.9% and online businesses 0.4%, while sporting goods and hobby stores climbed 1.9% and restaurants rose 0.6%. The data are seasonally adjusted but not inflation-adjusted, exceeding economists' 0.4% projection.
- The report was delayed a month by last year's historic government shutdown as federal agencies catch up, and consumer spending accounts for about two-thirds of the US economy.
- The retail snapshot offers only a partial view of spending, excluding many services like travel and hotels; monthly retail figures ranged from 0.1% in September to 1% in June.
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63 Articles
U.S. retail sales rose 0.6 percent to $735.9 billion in November from October, the Commerce Department said on Tuesday. That was above analysts' expectations, but the data, delayed by the federal government shutdown, is too old to have a significant impact on markets.
Retail Sales Jump Higher On Strong Cars Sales and Holiday Shopping
Sales by U.S. retailers rose by much more than expected in November, signaling that the household sector remains resilient and consumer spending continues to support rapid economic growth. Retail spending rose 0.6 percent in November, exceeding even the most optimistic The post Retail Sales Jump Higher On Strong Cars Sales and Holiday Shopping appeared first on Breitbart. The post Retail Sales Jump Higher On Strong Cars Sales and Holiday Shoppin…
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