Indicators
US Retail Sales Strengthen on Jump in Motor Vehicle Purchases
- Value of receipts in November also boosted by e-commerce
- Restaurants, grocery stores among categories seeing declines
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US retail sales increased at a firm pace in November, bolstered by a surge in car purchases and solid online shopping that masked more mixed spending elsewhere.
The value of retail purchases, not adjusted for inflation, increased 0.7% after upward revisions to the prior two months, Census Bureau data showed Tuesday. Excluding autos, sales climbed a more modest 0.2% for a second month.