Retail Sales Rose in November, CE Up 2.5 Percent
U.S. retail sales in November rose 0.8 percent from October, according to Department of Commerce figures released Thursday. The electronics and appliances categories rose 2.5 percent, seasonally adjusted.
The numbers rose despite Hurricane Sandy striking during the month.
“Stable employment rates, lower gasoline prices and a recovering housing market have all contributed to a holiday shopping season that is on target to meet our original expectations,” NRF Chief Economist Jack Kleinhenz said in a statement. “American consumers are expected to spend cautiously as they monitor the situation in Washington and wrap up their holiday shopping lists.”