Pursuits
Retail Sales in U.S. Increase by the Most in Four Months
- Purchases excluding cars and gas jumped by most since July
- `Pretty solid' start to holiday sales season, economist says
U.S. Retail Sales Rise on Cheaper Gasoline
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Retail sales climbed in November by the most in four months as American consumers put to work some of the money saved from the cheapest gasoline since early 2009.
The 0.2 percent increase in November, less than forecast, followed a 0.1 percent gain in the previous month, Commerce Department figures showed Friday. Excluding purchases of autos and gasoline, retail purchases climbed 0.5 percent, also the biggest advance since July.