Indicators
US Retail Sales Drop Most in 11 Months, Missing Estimates
- Overall value of purchases decreased 0.6% in November
- Nine of 13 categories fell, including autos and furniture
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US retail sales fell in November by the most in nearly a year, reflecting softness in a range of categories that suggest some easing in Americans’ demand for merchandise.
The value of overall retail purchases dropped 0.6% last month after rising 1.3% in October, Commerce Department data showed Thursday. Excluding gasoline and autos, retail sales were down 0.2%. The figures aren’t adjusted for inflation.