3 months ago
Economic Indicators

U.S. Retail Sales Rise by 0.2% in November

Investing.com - U.S. retail sales rose 0.2% in November the Commerce Department said on Friday. This was compared to a revised

Investing.com - U.S. retail sales rose 0.2% in November the Commerce Department said on Friday.

This was compared to a revised 1.1% in the previous month. Economists had forecast a reading of 0.1%.

Core retail sales, which exclude automobiles, gasoline, building materials and food services, rose 0.2% in November, after a 1.0% increase in the previous month.

The consensus forecast was for a reading of 0.2%.

Core retail sales correspond most closely with the consumer spending component of gross domestic product.