US Nov. Retail Sales Rose 0.6%, Est. +0.5%
US retail sales rose 0.6% month-on-month in November, slightly above the median estimate of 0.5%. The October figure was also revised down to -0.1% from 0%, indicating that spending initially weakened before rebounding in November.
In the data breakdown, retail sales without cars rose 0.5%, while those without cars and gasoline rose 0.4%. A frequently watched measure, the "control group," also rose 0.4%—signaling that consumption remains quite solid, though not necessarily an extreme surge.(alg)
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