• U.S. retail sales increase 0.2% in November

Market news

11 December 2015

U.S. retail sales increase 0.2% in November

The U.S. Commerce Department released the retail sales data on Friday. The U.S. retail sales climbed 0.2% in November, missing expectations for a 0.3% increase, after a 0.1% gain in October.

The lower increase was mainly driven by a fall in automobiles purchases. Sales at auto dealerships declined 0.4% in November.

Retail sales excluding automobiles increased 0.4% in November, beating forecasts of a 0.3% gain, after a 0.1% rise in October. October's figure was revised down from a 0.2% increase.

Sales at building material and garden equipment stores fell 0.3% in November, while sales at furniture stores decreased 0.3%.

Sales at clothing retailers climbed 0.8% in November, while sales at service stations dropped 0.8%.

These figures could be strong enough for the Fed's interest rate hike next week.

Market Focus
Material posted here is solely for information purposes and reliance on this may lead to losses. Past performances are not a reliable indicator of future results. Please read our full disclaimer
Open Demo Account & Personal Page
I understand and accept the Privacy Policy and agree to my name and contact details being used by TeleTrade to contact me about this.