Holiday shopping off to slow start, retail sales up 0.2% - The Columbian

WASHINGTON — U.S. retail sales rose at a modest pace in November as the holiday shopping season appeared to have a slow start.

The Commerce Department said Friday that retail sales increased a seasonally adjusted 0.2 percent in November, down from 0.4 percent in the previous month. Healthy car sales lifted the overall figure. Excluding autos, sales ticked up just 0.1 percent.

Steady job gains, a low unemployment rate and rising wages have lifted consumer confidence and economists expect this year’s holiday shopping season to be a healthy one. But with Thanksgiving falling later in November there were fewer shopping days after Black Friday. Parts of the Midwest were also hit last month with snow and cold weather, which may have discouraged some spending.

Still, there were signs of consumer health. October’s retail sales were revised higher, to a gain of 0.4 percent, up from 0.3 percent. In the past year, retail sales have increased 3.3 percent, a slightly faster pace than the previous month.

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December 14, 2019 at 09:04PM
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Holiday shopping off to slow start, retail sales up 0.2% - The Columbian
"sales" - Google News
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