The Commerce Department reported on Friday that retail sales gained 0.2% ($448.1 billion) in November, slightly missing the median forecast calling for a 0.3% increase.
Excluding the auto component, sales were up 0.4% or, more than economists’ expectations for 0.3%. Excluding gasoline, whose price has fallen steeply over the past year, retail and food sales rose 0.3%.
Sales at retailers and restaurants gained at a seasonally adjusted 0.2%from October, which is the largest increase since July.
Consumer spending represents more than two-thirds of all economic output in the U.S., with retail sales representing roughly one-third of that total spending. There has been absolutely anemic growth in retail sales over the past few months, rightfully sending mixed messages on consumer demand in the world’s largest economy.
The most damning journalistic sin committed by the media during the era of Russia collusion…
The first ecological study finds mask mandates were not effective at slowing the spread of…
On "What Are the Odds?" Monday, Robert Barnes and Rich Baris note how big tech…
On "What Are the Odds?" Monday, Robert Barnes and Rich Baris discuss why America First…
Personal income fell $1,516.6 billion (7.1%) in February, roughly the consensus forecast, while consumer spending…
Research finds those previously infected by or vaccinated against SARS-CoV-2 are not at risk of…
This website uses cookies.