Thursday, December 19, 2019
The Commerce Department said retail sales rose 0.2% last month. Data for October was revised up to show retail sales increasing 0.4% instead of gaining 0.3% as previously reported. Compared to November last year, retail sales increased 3.3%. Excluding automobiles, gasoline, building materials and food services, retail sales edged up 0.1% last month after rising by an unrevised 0.3% in October. Lackluster sales at the start of the holiday shopping season signaled consumer spending, which accounts for two thirds of the US economy, could be softening as the fourth quarter progressed... See sales reports below.