CE Helps Drive November Retail Sales
The U.S. economy showed a 0.7 percent increase in retail sales from the month before, and a nearly five percent improvement over the same period in 2012, according to Commerce Department figures.
In addition, the electronics and appliances category sported an uncommonly large 1.1 percent jump.
“Consumers took advantage of a very promotional holiday season to shop at their favorite retailers during the Thanksgiving weekend,” NRF President and CEO Matthew Shay said in a statement.
“Consumer confidence and sentiment are steadily improving, but spending remains at a modest pace. While it seems that the economy is improving, the future remains far from certain.