U.S. Retail Sales Rise 0.2% In November, Slightly Less Than Expected
2018年12月14日 - 5:49PM
RTTF2
With a steep drop in sales by gas stations partly offsetting
notable growth at other stores, the Commerce Department released a
report on Friday showing a slightly smaller than expected increase
in U.S. retail sales in the month of November.
The Commerce Department said retail sales edged up by 0.2
percent in November after spiking by an upwardly revised 1.1
percent in October.
Economists had expected retail sales to rise by 0.3 percent
compared to the 0.8 percent increase originally reported for the
previous month.
The weaker than expected sales growth was partly due to the
steep drop in gas station sales, which plummeted by 2.3 percent in
November after soaring by 3.2 percent in October. The pullback
reflected a substantial decrease in gas prices.
Meanwhile, sales by non-store retailers surged up by 2.3 percent
in November after climbing by 0.8 percent in October, as consumers
did more of their holiday shopping online.
The report also showed notable sales growth at electronics and
appliance stores and furniture and home furnishings stores, which
jumped by 1.4 percent and 1.2 percent, respectively.
Excluding a modest increase in sales by motor vehicles and parts
dealers, retail sales still rose by 0.2 percent in November after
jumping by an upwardly revised 1.0 percent in October. The uptick
in ex-auto sales matched economist estimates.
The Commerce Department also said the annual rate of retail
sales growth slowed to 4.2 percent in November from 4.8 percent in
October.
The annual rate of ex-auto sales growth also slowed considerably
to 4.9 percent in November from 6.0 percent in the previous
month.
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