Driven by a rebound in automobile purchases and holiday spending, U.S. retail sales in November increased by 0.6% month-on-month, exceeding expectations
U.S. retail sales in November increased by 0.6% month-on-month, exceeding the expected 0.5%. After being revised to a decline of 0.1% in October, sales rebounded, with a growth of 0.5% even after excluding the automotive category. The report was delayed due to the government shutdown
Data released by the U.S. Department of Commerce on Wednesday showed that after a revised decline of 0.1% in October for unadjusted retail sales, there was a growth of 0.6% in November, exceeding the expected increase of 0.5%. Excluding the automotive category, sales still grew by 0.5%. This report was delayed due to the government shutdown.
Risk Warning and Disclaimer
The market carries risks, and investments should be made cautiously. This article does not constitute personal investment advice and does not take into account the specific investment objectives, financial situation, or needs of individual users. Users should consider whether any opinions, views, or conclusions in this article are suitable for their specific circumstances. Investment based on this is at one's own risk.
