U.S. retail sales rose at a modest pace in November as the holiday shopping season appeared to have a slow start.
2 min readThe Associated Press
The Commerce Department said Friday that retail sales increased a seasonally adjusted 0.2% in November, down from 0.4% in the previous month. Healthy car sales lifted the overall figure. Excluding autos, sales ticked up just 0.1%. Still, there were signs of consumer health. October’s retail sales were revised higher, to a gain of 0.4%, up from 0.3%. In the past year, retail sales have increased 3.3%, a slightly faster pace than the previous month.
Sales plunged 1.1% at health and personal care stores, the most in nearly a year, and dropped 0.6% at clothing outlets. General merchandise stores, which include large chains such as Target, eked out a 0.1% gain.
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