U.S. retail sales unexpectedly rebounded in November, increasing by 0.3% on a monthly basis, surpassing expectations. This rebound, driven by strong consumer spending and holiday shopping, dispelled pessimism about the economy, reinforcing sentiments of moderate growth and alleviating recession fears. The increase was attributed to lower gasoline prices, with autos contributing to the positive momentum. The Commerce Department reported the surprising growth, underscoring the resilience of the U.S. consumer despite concerns. The report also highlighted solid retail sales momentum as the holiday shopping season ramped up in November.
KBRA releases research examining November #retailsales. This month's report discusses solid retail sales momentum as the #holidayshopping season ramped up in November, the cooling #labormarket and slowing states #salestax receipts across much of the nation. Read the full report… https://t.co/9AT8HWGoZr
November retail sales posted surprise growth on Thursday, underscoring how the US consumer remains in a better position than many have feared. https://t.co/UneT4S6VRo https://t.co/4atrWp5uwO
US retail sales unexpectedly grew in November as lower gasoline prices allowed consumers to spend more to kick off the holiday shopping season to a good start https://t.co/Elr0DC3n1k https://t.co/jiMxg0bPBP
US retail sales rose in November as shopping in the holiday season got off to a brisk start, which should keep the economy on a moderate growth path this quarter https://t.co/4gg7GmtC1f https://t.co/zmmPElYFVl
The US Commerce Department reported strong retail sales in November, as the holiday shopping season got off to a surprisingly brisk start, likely keeping the economy on a moderate growth path this quarter https://t.co/Elr0DC2PbM https://t.co/aHXKhy9e4l
US retail sales unexpectedly rose in November as the holiday shopping season got off to a brisk start amid deep discounting, likely keeping the economy on a moderate growth path this quarter and further alleviating fears of a recession https://t.co/4gg7Gmu9QN https://t.co/ryvWyHpBG0
A surprise increase in November retail sales dispelled lingering pessimism about the economy and reinforced growing sentiment that the U.S. will beat inflation without paying the price in significantly weaker growth https://t.co/Zi4Z21jsuy https://t.co/Zi4Z21jsuy
Retail sales are showing signs of stabilizing in the US y/y, with autos helping to drive the November m/m number into positivity https://t.co/zQdyDZIjGh
Strong Retail Sales Growth Reported In November, Beating Expectations https://t.co/Yfa7YUs43R
U.S. retail sales made a stronger-than-expected rebound in November, showing a 0.3% increase on a monthly basis. https://t.co/swSG7obQJW
U.S. Retail Sales https://t.co/SxRRgfuvge
Consumer spending bounced back in November: Retail sales increased 0.3% after declining the prior month, the Commerce Department said on Thursday. https://t.co/oHcKIBrFF0
US retail sales unexpectedly rebound in November; weekly jobless claims fall https://t.co/EIALr2iPWH https://t.co/uRbAIyzho3