• U.S. retail sales increase less than anticipated in November

Market news

13 December 2019

U.S. retail sales increase less than anticipated in November

The Commerce Department announced on Friday the sales at U.S. retailers rose 0.2 percent m-o-m in November, following a revised 0.4 percent m-o-m advance in October (originally a 0.3 percent m-o-m gain), helped by increased motor vehicle purchases and higher gasoline prices.

Economists had expected total sales would increase 0.5 percent m-o-m in November.

Excluding auto, retail sales edged up 0.1 percent m-o-m in November after a revised 0.3 percent m-o-m increase in the previous month (originally a 0.2 percent m-o-m advance), missing economists’ forecast for a 0.4 percent m-o-m gain.

Meanwhile, closely watched core retail sales, which exclude automobiles, gasoline, building materials and food services, and are used in GDP calculations, inched up 0.1 percent m-o-m in November after an unrevised 0.3 percent m-o-m rise in October.

In y-o-y terms, the U.S. retail sales surged 3.3 percent in November, following a 3.2 climb in the previous month.

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