RETAIL SALES RISE BY 0.3% IN NOVEMBER, MISSING EXPECTATIONS

Key Points:

  • Retail sales, a measure of purchases at stores, restaurants and online, rose by 0.3% in November over the month.
  • Consensus among economists was a 0.8% increase.
  • November’s 0.3% increase was far below October’s 1.8% increase.
  • Excluding autos, retail sales rose by 0.3% over the month.
  • Spending slowed in part due to rising costs as consumer prices advanced 0.8% in November from October and 6.8% from a year earlier.
  • The Right Facts will continue to monitor retail sales.
Source