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.