Economy

Retail sales rose 0.3% in November vs. expectations for a decline

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Retail sales rose 0.3% in November vs. expectations for a decline

Consumers showed unexpected strength in November, giving a solid start to the holiday season as inflation showed signs of continued easing.

Retail sales rose 0.3% in November, stronger than the 0.2% decline in October and better than the Dow Jones estimate for a decrease of 0.1%, the Commerce Department reported Thursday. The total is adjusted for seasonal factors but not inflation.

Excluding autos, sales rose 0.2%, also better than the forecast for no change. Stripping out autos and gas, sales rose 0.6%.

With the consumer price index up 0.1% on a monthly basis in November, the retail sales number shows consumers more than keeping up with the pace of price increases.

On a year-over-year…



Source cnbc.com

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