US Retail Sales Rise Less Than Expected In November

Retail sales in the United States edged up 0.1 percent month-over-month in November 2016, following a downwardly revised 0.6 percent rise in the previous period. The figure came in below market expectations of a 0.3 percent gain, mainly dragged by lower sales of motor vehicles.

Nine of 13 major retail categories showed gains in November.

Sales increased at a slower pace for: Food and beverages (+0.4 percent from +0.7 percent), followed by sales in grocery stores (+0.1 percent from +0.7 percent); gasoline stations (+0.3 percent from +2.5 percent); general merchandise (+0.1 percent from +0.7 percent); non-store retailers (+0.1 percent from +1.4 percent).
By contrast, sales declined for motor vehicles (-0.5 percent from 0.5 percent in October), sporting goods (-1 percent from +0.7 percent) and in miscellaneous store retailers (-0.8 percent from +0.6 percent).

The so-called core retail sales, which correspond most closely with the consumer spending component of gross domestic product, also rose 0.1 percent after a downwardly revised 0.6 percent increase in October.
Year-on-year, retail sales increased by 3.8 percent

US Retail Sales Rise Less Than Expected In November

US Census Bureau | Joana Ferreira |
12/14/2016 1:55:36 PM