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US: Retail Sales rose by 0.3% MoM in November versus 0.8% expected rise
US Retail Sales rose by 0.3% MoM in November, according to data published by the US Census Bureau revealed on Tuesday. That was below market expectations for a MoM rise of 0.8% and marked a substantial deceleration from last month's (upwardly revised from 1.7%) 1.8% MoM gain. That took the YoY rate of headline Retail Sales growth to 18.21% in November. As with the headline, the MoM pace of Core Retail Sales growth in November also missed expectations, coming in at 0.3% versus forecasts for a growth rate of 1.0%. That also marked a substantial deceleration from October's 1.8% MoM gain. The Retail Control, which ... (full story)
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U.S. retail sales miss expectations in November
U.S. retail sales increased less than expected in November, likely payback after surging in the prior month as Americans started their holiday shopping early to avoid shortages and paying more for goods. Retail sales rose 0.3% last month, the Commerce Department said on Wednesday. Data for October was revised higher to show retail sales surging 1.8% instead of 1.7% as previously reported. Sales have now risen for four straight months. Economists polled by Reuters had forecast retail sales rising 0.8%. Estimates ranged from as low as being unchanged to as high as a 1.5% increase. Several of the top U.S. retailers ... (full story)
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