Resilient consumer spending boosted U.S. retail sales growth to its highest level since July as shoppers prepared for the holiday season.
Claim 70% Off TipRanks Premium
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
In November, retail sales rose by 0.6% month-over-month, above the estimate of 0.5% and rising from a revised drop of 0.1% in October. Excluding car and gas sales, retail sales grew by 0.4%, topping the estimate of 0.3% and matching October’s revised growth of 0.4%.
*This is a developing story. Stay tuned for additional updates.*
Stay ahead of macro events with our up-to-the-minute Economic Calendar — filter by impact, country, and more.