RETAIL SALES FELL SHARPLY IN NOVEMBER

Key Points:

  • Retail sales, a measure of purchases at stores, restaurants and online, fell 0.6% in November from October.
  • Consensus among economists was a 0.1% decline.
  • November’s 0.6% decline comes after a 1.3% gain in October.
  • Excluding autos, retail sales fell by 0.2% over the month.
  • Retail sales are up 7.7% from a year prior while consumer prices advanced 7.1% from a year earlier.
  • The Right Facts will continue to monitor retail sales.
Source