American shoppers increased their spending in November from October as holiday shopping kicked into full gear.Also Read: Banks and retailers run short on pennies as the US Mint stops making them
Retail sales increased a better-than-expected 0.6% in November, following a revised 0.1% decline October, according to the Commerce Department. The report was delayed more than a month because of the 43-day government shutdown.
Retail sales rose 0.1% increase in September, but jumped 0.6% in July and August and 1% in June.The federal government is gradually catching up on economic reports that were postponed by the shutdown.
Retail sales increased a better-than-expected 0.6% in November, following a revised 0.1% decline October, according to the Commerce Department. The report was delayed more than a month because of the 43-day government shutdown.
Retail sales rose 0.1% increase in September, but jumped 0.6% in July and August and 1% in June.The federal government is gradually catching up on economic reports that were postponed by the shutdown.
Sales at clothing and accessories stores rose 0.9%, while online businesses had a 0.4% increase. Business at sporting goods and hobby stores was up 1.9%.
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The snapshot offers only a partial look at consumer spending and doesn’t include many services, including travel and hotel lodges. But the lone services category – restaurants – registered an uptick of 0.6%.
(Edited by : The name Singh)
