Thursday, December 11, 2014

Retail Sales Rise in November

Retail and food service sales for November were $449.3 billion, up 0.7% from the previous month, and 5.1% above last year, according to a report released this morning by the U.S. Census Bureau. The monthly increase was well above expectations. Sales gains for October and September were revised upward by 0.2 percentage points each.

Motor vehicle and parts dealers increased sales by 1.7%, leading overall growth. Total sales, excluding auto and gas grew 0.6% this month. The increase was led by building supply stores (1.4%), clothing and accessories stores (1.2%), nonstore retailers (1.0%) and department stores (1.0%).

Gasoline stations sales declined 0.8% due to lower gasoline prices. Miscellaneous store retailers also declined, falling 1.7% from the previous month.

Read the Census report.

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