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US retail sales growth slows in November

The result was still 3.8 percent above the same month last year.

Published: 14th December 2016 08:33 PM  |   Last Updated: 14th December 2016 08:33 PM   |  A+A-

Retail sales, US, Store, shopping

A shopper holds her bags as she tries to hail a cab in New York November 22, 2011. (Photo | Reuters)

By AFP

WASHINGTON: US retail sales edged upwards as the holiday season approached in November but were significantly slower than in the prior month, the Commerce Department said Wednesday.

On a seasonally adjusted basis, sales stood at $465.5 billion, an increase of 0.1 percent over October, a somewhat disappointing result as analysts had expected a 0.3 percent increase.

The result was still 3.8 percent above the same month last year. 

Excluding cars and auto parts, sales posted a slightly stronger 0.2 percent gain for the month.

Restaurants saw strong gains, rising 0.8 percent, and sales were also up at stores for home furnishings, food and beverage stores and gas stations. 

Sales of auto parts, however, fell 0.5 percent.



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