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US Retail Sales rise 0.3% in November vs. -0.1% expected
US Retail Sales rose by 0.3% in November, compared to the -0.1% of market consensus. Core Retail Sales increased by 0.2%, and Control Group Sales by 0.4%. The US Dollar rose following Retail Sales data and the weekly Jobless Claims report. Retail Sales in the US rose 0.3% on a monthly basis in November to $705.7 billion, the data published by the US Census Bureau showed on Thursday. This reading followed the 0.2% decline (revised from -0.1%) recorded in October and came in better than the market expectation of a 0.1% decline. Retail Sales Ex-Autos rose 0.2% in the same period, compared to analysts' estimate of a 0.1% ... (full story)
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US November retail sales +0.3% vs -0.1% expected
Prior was -0.1% (revised to -0.2%) Details: • Retail sales m/m +0.3% versus -0.1% expected • Ex-autos +0.2% versus -0.1% expected. • Prior ex-autos +0.1% • Control group +0.4% versus +0.2% expected • Prior control group +0.2% • Retail sales ex gas and autos +0.6% vs +0.1% prior. The US consumer has run strong all year. Sales have now risen in six of the past seven months. Gasoline sales were a drag again this month due to falling prices but otherwise, there was some broad strength with the exception of electronics and building material. Given the latest fall in interest rates, the housing and building ... (full story)
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US retail sales rebound after dropping off
Spending at US retailers rebounded in November after declining in the prior month, pointing to the continued resilience of the US consumer. Retail sales, which are adjusted for seasonal swings but not inflation, rose 0.3% in November from the prior month, beating economists’ expectations of a 0.2% decline, according to FactSet. Sales declined 0.2% in October for the first time since the spring. Thursday’s report shows that Americans continue to open up their wallets as inflation eases and the job market remains on strong footing. That’s on the backdrop of the highest interest rates in 22 years and slowing ... (full story)
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