December 17, 2024
November Retail Sales – Cars & Clicks Underpin Strength
U.S. retail sales accelerated and rose more than expected in November. Strong auto sales and a jump in e-commerce owing to healthy Black Friday and Cyber Monday receipts suggests consumers remain resilient during the crucial holiday shopping season. Retail spending, unadjusted for inflation, rose 0.7% topping expectations for 0.6%.
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