Home | News & Opinion | Retail sales beat expectations in November

Retail sales beat expectations in November

By
Font size: Decrease font Enlarge font
Retail sales beat expectations in November

“Core” retail sales prompt optimism.

Retail sales increased 0.7% last month, according to data released by the Commerce Department Thursday. This follows a 0.3% increase in October.

Sales excluding autos, gasoline, building materials and food services, so-called “core retail sales,” increased 0.6% in November, after posting a similarly robust increase in October.

Analysts had expected a 0.4% increase in core retail sales.

The results sparked optimism that the economy continues to improve, and raised expectation for Q4 GDP growth.

Share this:

Join PRESIDENT&CEO on LinkedIn

Subscribe to comments feed Comments (0 posted)

total: | displaying:

Post your comment

  • Bold
  • Italic
  • Underline
  • Quote

Please enter the code you see in the image:

Captcha